Jiangfeng Capital: August 12 BTC/ETH Market Daily Report | Tonight's CPI, first look at the high short rhythm.

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2 hours ago


The 27th Issue of "Jiangfeng Trading Strategy Diary"

In yesterday's 26th issue strategy, the short positions for BTC at 64800 and ETH at 1905 did not provide ideal entry opportunities.

The short positions laid out in the previous 24th and 25th issues around BTC at 65300 and ETH at 1935 later reached lows of 63211 and 1850 respectively, and it has been suggested to reduce positions in batches, while the remaining positions continue to be contested.

Today, in the 27th issue, the overall approach still focuses on “high shorts after rebound exhaustion.”

🔥 Here’s the key point: The U.S. CPI data will be released tonight, and the market may experience significant fluctuations.

Currently, the prices of BTC and ETH are in a relatively convergent phase, with low market activity, and capital is clearly waiting for macro data to come in.

📌 ETH Market Plan

Near 1905~1915: First attempt at a short position
Near 1935~1950: If the rebound continues to face pressure, consider adding shorts.

🎯 First target: 1850~1815
🎯 Second target: 1780~1720
🎯 Extreme target: 1680

📌 BTC Market Plan

Near 64400~64800: First attempt at a short position
Near 65700~66350: If it continues to rise, consider adding shorts.

🎯 First target: 63500~62600
🎯 Second target: 61300~60800
🎯 Extreme target: 59000

⚠️ The real main event tonight: CPI

If CPI is higher than market expectations → the market's expectations for interest rate cuts will cool down, which may exert pressure on risk assets in the short term.

If CPI is lower than market expectations → expectations for interest rate cuts will heat up, and BTC/ETH may see a rapid rebound.

So tonight, do not only focus on one direction; particularly remain vigilant for the first spike after the data is released.

Currently, 63500~62500 can be regarded as an important defensive area for BTC's short-term bulls.

If it effectively breaks down, the market may further open up downward space; conversely, if the CPI is below expectations, BTC may reclaim the 65000~66000 area!

Before the data is released, do not chase after rallies or blindly bottom out.

Position control always comes first, try small positions for trial and error, and take profits in batches; do not let a single market movement wipe out previous gains.

Tonight's CPI, do you think BTC will drop first and then rise, or break downward directly?

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