Get Bitcoin’s profits at $ 106,000 at the first station before the new BTC prices rise at all

Main meals:

• Bitcoin displays a downward interruption of an upward channel, with the risk of profit near $ 106,000.

• The printing of the US consumer price index can enhance Bitcoin, but the high consumer price index may increase the declining pressure, leading to a decrease in prices to less than $ 100,000.

Bitcoin (BTC) The price reached the highest level during the day 105,800 dollars on May 12, but it recorded a decrease of 3 % to $ 101,400 during the New York trading session. On the timely frame chart (LTF), BTC fluctuates between the upward channel style before showing a dignity outbreak below the lower range of the pattern.

Regarding the bullish momentum in BTC, Alphractal data analysis platform male The BTC Re -testing approaching the resistance levels of $ 106,000 has increased the risk of profit risk. As shown in the scheme, Bitcoin is currently approaching the “Alpha Price” area, where holders or whales in the long term can get profits, According to Joao Weeson, Alphractal CEO.

From a The view of the liquidationThe risk of “long” pressure is also raised, as it exceeds $ 3.4 billion of long centers exposed to the risk of filtering if prices drop to $ 100,000. This range can be a price magnet, which leads to a re -test near the psychological level.

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CPI data as bitcoin trades

The current BTC correction of the traders that behave before the issuance of the US Consumer Prices Index (CPI) on May 13. The consumer price index is expected to remain in April 2.4 %, due to fixed energy prices amid balanced oil production and moderate wage growth, which reduces increased pressure on prices.

The low consumer price index can be expected (potentially consecutive) bullish for Bitcoin, which may indicate discounts in the Federal Reserve rate in 2025, which enhances risk assets such as stocks and cryptocurrencies. On the contrary, the high consumer price index can be expected to be dumping, raising fears of inflation and the strengthening of the dollar, which presses BTC.

If the declining pressure on BTC plans continues even after printing the consumer price index, the immediate interest field remains from $ 100,500 and 99,700 dollars, a fair value gap (FVG) on the chart for four hours.

FVG remains another between 98,680 dollars and $ 97,363, which will represent the correction of 8 % of the last highlands.

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.