After the CPI data was released, the market once again presented a chance for a rally. The support level at 90400 mentioned yesterday successfully played its role, becoming the intraday starting point for the upward move.



Now the price has returned to the 92222 level, which was previously a resistance point multiple times on the left side, and also a point where many traders exited. If you are bullish, you might consider taking some profits here, gradually locking in gains to avoid losses.

The next key area to watch is the strong resistance zone around 94400. As long as the price can hold above this level, targets of 96000 to 98000 are within reach. Conversely, if a pullback occurs, the 89300 level below could be a good entry point for a rebound, so keep an eye on it.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
CafeMinorvip
· 2h ago
The same hurdle has come again, just like last time when I got caught. Are you going to use the same tricks?
View OriginalReply0
YieldFarmRefugeevip
· 3h ago
92222 The pressure here is indeed quite high. It seems I need to consider taking profits, or else I'll be caught in a loss again.
View OriginalReply0
gas_fee_therapyvip
· 4h ago
92222 This is indeed an awkward position. How many people have taken losses here, and now they have to get back in again. LOL
View OriginalReply0
degenwhisperervip
· 4h ago
92222, it's a bit laggy here, but I think the probability of a break is quite high, especially since the CPI data has already been released.
View OriginalReply0
CryptoComedianvip
· 4h ago
90400 has become the starting point for the rise, 92222 is again the exit point. Where is the promised take-profit? I feel like I'm playing "Spot the Difference." Only after stabilizing at 94400 dare I think about 96-98? That's hilarious, I need CPI to come again before I can consider it. 89300 rebound entry? No, everyone really needs to be mentally prepared. I always choose the wrong option between getting off and getting on.
View OriginalReply0
CommunityLurkervip
· 4h ago
The 92222 hurdle feels a bit shaky, like it's about to break at any moment.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)