The US December CPI data has not yet been released, and the crypto market has been oscillating at high levels these days. Bitcoin is currently stuck at $96,600, Ethereum at $3,324, and BNB is hovering around $947. The market looks a bit interesting—volatility has narrowed, and trading volume is also declining, clearly indicating that everyone is waiting for the data.
The key to this wave of market movement lies in the CPI. If the CPI is lower than expected, the expectation of rate cuts will intensify, and risk assets will rise accordingly; conversely, if the data exceeds expectations, there will be pressure for a pullback. Therefore, the current market sentiment is very cautious, and everyone wants to wait until the dust settles before making a decision.
From a technical perspective, in the short term, Bitcoin's resistance is at 97,500, and support is at 96,300. The recommended trading strategy is to hold a light position and observe, then decide on the direction after the data is released, and be sure to manage volatility risk.
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Lonely_Validator
· 15h ago
The shoes haven't hit the ground yet, who dares to move? I'm just watching the show mode
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9.66K is a curse, it's really hard to break through
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Light position watching? I've already been fully in the market watching the charts haha
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If CPI exceeds expectations again, I'll laugh. The Federal Reserve keeps changing its mind every day
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A decline in trading volume indicates that big players are sleeping and waiting for data
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Feels like it will continue to fluctuate, it's boring now
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BNB keeps falling, is there still anyone holding this coin?
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I bet CPI will be below expectations, then it will take off
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Risk control? Bro, I just like the thrill
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Support and resistance on the technical side, does it really work?
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Waiting and waiting, when will the announcement come? I'm so tired of waiting
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Ethereum's current price is a bit awkward, can't go up or down
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Expectations of interest rate cuts are heating up, which is a good sign, just buy and don't miss out
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Everyone is waiting, which might actually lead to a strange surge
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I just want to know if this wave can break 100,000
View OriginalReply0
JustAnotherWallet
· 15h ago
Waiting for data has been the hardest during this period, feels like everyone is holding their breath
BTC is really stuck at this level, can't go up, but also don't dare to move down
If CPI exceeds expectations again, I'll just give up completely, really can't handle it
Holding a small position and watching is the right move, anyway I haven't done anything these two days
97,500 seems far away, but it feels like it could break at any time, the key still depends on whether CPI will be strong enough
View OriginalReply0
RugResistant
· 15h ago
ngl the volume drop is screaming red flags... classic pre-data dump behavior. analyzed thoroughly and this tight consolidation smells like liquidity trap tbh. wait for the CPI before you touch anything.
Reply0
FUD_Vaccinated
· 15h ago
I'm here waiting for the CPI, feeling like the entire market is holding its breath, a bit suffocated.
Hurry up and let the shoe drop, or else there will be more fuss here.
9.66 is tightly capped, whether it breaks through or crashes down, both outcomes are waiting.
If the CPI data spikes again, I’ll just cry, can the rate cut expectation be realized this time?
Holding a light position and observing without action, anyway I’ve already learned to cut losses, not as reckless as before.
The trading volume has shrunk so sharply, indicating that smart money is waiting for the data, so I’ll just wait along.
If this wave exceeds expectations and crashes directly, remember to come and scold me, my stop-loss order has already been placed.
BNB hovering around 947 is really annoying, might as well drop completely and refreshingly.
View OriginalReply0
MetaNomad
· 15h ago
The boots haven't even landed yet, and I've already been having trouble sleeping haha
As soon as the CPI data was released, this wave of market movement became clear. Looking at the technicals now is quite boring
Locked in at 96,600, it feels like just a catalyst is missing
Friends who are bottom-fishing at low levels should be very calm now. The more I watch, the more annoyed I get
Wait for the data, anyway, light positions are the way to go
View OriginalReply0
GoldDiggerDuck
· 15h ago
The boots haven't landed yet, and my heart hasn't settled either.
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BTC is positioned at 9.66, and I knew today would be another day of swings.
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Waiting for CPI feels just like before a lottery draw, palms sweaty.
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Holding a small position is really a good idea; this wave is testing our mentality.
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Will 97,500 break or not? Everyone, place your bets.
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Trading volume drops, which means big players are also watching.
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Expectations of rate cuts make risk assets soar, but what if the data doesn't cooperate?
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BNB is still fluctuating around 947; this coin hasn't had much volume these days.
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I'm just asking who can precisely catch this wave's rhythm.
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Wait for the data to come out before acting; that's the truth.
The US December CPI data has not yet been released, and the crypto market has been oscillating at high levels these days. Bitcoin is currently stuck at $96,600, Ethereum at $3,324, and BNB is hovering around $947. The market looks a bit interesting—volatility has narrowed, and trading volume is also declining, clearly indicating that everyone is waiting for the data.
The key to this wave of market movement lies in the CPI. If the CPI is lower than expected, the expectation of rate cuts will intensify, and risk assets will rise accordingly; conversely, if the data exceeds expectations, there will be pressure for a pullback. Therefore, the current market sentiment is very cautious, and everyone wants to wait until the dust settles before making a decision.
From a technical perspective, in the short term, Bitcoin's resistance is at 97,500, and support is at 96,300. The recommended trading strategy is to hold a light position and observe, then decide on the direction after the data is released, and be sure to manage volatility risk.