A new round of BTC CPI is coming

Expectations of interest rate hikes plummeted, BTC squeezed up, and the CPI market came tonight.

At 20:30 tonight, the U.S. CPI was released. In the first two CPI prices, BTC rose sharply. In the past two days, Silicon Valley Bank went bankrupt, and the Federal Reserve rescued the market. Rush up the risk.

The fish and dragons danced overnight, BTC and other mainstreams have surged back, and the institutional bad news is over?

Last night, the U.S. Westpac Bank circuit breaker plunged 45%, the United States, Wells Fargo, and Citibank plummeted. This morning, Standard Chartered and HSBC both fell. More importantly, the banking crisis is being transmitted to Crypto assets.

Whether it is Silicon Valley Bank or Signature Bank, the banks shut down in the past two days have deep encryption business. Not only that, Silvergate Capital and other institutions have suspended encryption business. Today, BN announced the suspension of deposits and withdrawals of British pounds, and BM suspended all trading businesses.

In the short term, a large amount of funds cannot be exchanged for legal currency and can only be bought in BTC, which will stimulate the mainstream to rise sharply. However, in the medium term, the inflow and outflow of funds is restricted, which will cause institutions to wait and see.

Lao Lang recalled that in October 2018, u broke its anchor and plummeted, causing funds to flock to BTC and ETH. Within a few hours, BTC rose by more than 25%, and then u rose back to the original point, and the spot collectively skyrocketed. They have all been broken through, and the bottom has been reached. The news faction said that the bearish land has landed, and the halving bull is coming.

As a result, BTC fell from $6,600 to $3,300. Be wary of a surge without new money, and hope that the ending will be different this time.

BTC:

BTC rushed up along the 5-day line, and the bottom of the hourly line continued to rise, indicating that there is bull support. The top $24,633 is the key point of a new high formed on 2.20. BTC rises to test $24,633.

Resistance levels: 24633, 25152, 25735

Support levels: 23712, 23015, 22453

ETH:

Euler was stolen, which suppressed ETH. ETH’s daily line rebounded in a V shape, and the bottom of the hourly line continued to rise, confirming the bottom support. The top $1695.3 is the key point of the pin insertion formed on 2.20. Only by quickly breaking through $1695.3 can we Entering a new round of bullish uptrend, ETH then rose to test $1695.3.

Resistance levels: 1695.3, 1726.5, 1745.3

Support levels: 1538.4, 1492.6, 1458.7

LTC:

LTC rebounded on the 200-day line, and the top of $83.7 is the key point of the M head formed on 2.13 and 3.3. Only when the volume breaks through $83.7 can it build a strong bottom and enter a bullish upward trend. Next, LTC will rise and test $83.7.

Resistance levels: 83.7, 87.2, 91.3

Support levels: 78.5, 75.2, 72.6

DOGE:

DOGE made a V-shaped rebound, and the bottom of the hourly line continued to rise, confirming the bottom support. The top $0.073 is the key point of the 20-day line resistance line. Only when the volume breaks through $0.073 can it continue to surge upwards. Next, DOGE will rise and test $0.073.

Resistance levels: 0.073, 0.076, 0.079

Support levels: 0.071, 0.068, 0.065

SHIB:

SHIB rebounded along the 5-day line, and the hourly line made a V-shaped rebound. The bulls increased their support. The top $0.0000112 was the key point of the M head formed since the end of January. Next SHIB rose to test $0.0000112.

Resistance levels: 0.0000112, 0.0000116, 0.0000119

Support levels: 0.0000108, 0.0000104, 0.0000099

The mainstream further squeezes the short to go higher, driving the spot to repair the decline, and the CPI is about to fall, avoiding the “trap of chasing high”, and the big bearish landing will often fluctuate repeatedly within two weeks. There is always a suitable opportunity to intervene. Wait patiently for the mainstream to confirm the establishment end.

Huddle together to keep warm, add public account: crypto wolf king

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