The master said about the coin: 1.16 CPI data continues to strengthen! Is there still an opportunity to get into Bitcoin?

Yesterday at 21:30 Beijing time, the data released by the U.S. Bureau of Labor Statistics showed that the CPI in December 2024 rose by 2.9% year-on-year, up from 2.7%, the highest level since July of last year. The core CPI in December increased by 3.2% year-on-year, down from 3.3%.
**　　After the inflation data for December 2024 was released, the market's expectation for the Federal Reserve to pause interest rate cuts in January remained unchanged. As of January 15 local time, the "Fed Watch" data showed that the probability of the Federal Reserve keeping interest rates unchanged in January was 97.3%, while the probability of a 25 basis point cut was 2.7%. The probability of maintaining the current rate until March was 72%, with a cumulative probability of a 25 basis point cut at 27.3% and a cumulative probability of a 50 basis point cut at 0.7%.**
**　　In addition, Trump is set to be sworn in on January 20, and the new government may quickly implement a series of policies. Market participants are weighing the potential risks of inflationary tariffs and immigration policies, as well as the impact of Trump's commitment to making the U.S. a global cryptocurrency hub. Trump is expected to issue an executive order on his first day in office, which may address issues related to the de-banking of the cryptocurrency industry and the repeal of the controversial cryptocurrency accounting standard SAB121.**
**　　In terms of cryptocurrency, after the CPI data was released, Bitcoin surged, stopping just $200 short of the $100,000 mark at $99,800. Although it later retreated slightly, this did not hinder Bitcoin's upward momentum. Around 4 a.m. today, the price of Bitcoin reached a high of $100,866, breaking the $100,000 mark for the first time since its high on January 7. As of the time of writing, the quote was $99,242, with an approximate increase of 2.51% in the last 24 hours.**
**　　Bitcoin 4-hour chart**
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**　　First, according to the Bollinger Bands indicator on the 4H Bitcoin chart, the current price is running near the upper band, indicating that the market is currently in an overbought area. The price approaching the upper band may suggest that a pullback or consolidation may occur soon. If the price pulls back to the middle band, there will be greater support.**
**　　Secondly, according to the KDJ indicator on the 4H Bitcoin chart, the three KDJ line values are in the high overbought area and are crossing downwards to form a death cross pattern. If the J line value accelerates downwards, the subsequent price will likely pull back.**
**　　Finally, according to the MACD indicator on the 4H Bitcoin chart, the DIF line is above the DEA line, showing a strong bullish trend. However, the MACD red histogram has started to gradually shorten, indicating that the upward momentum is weakening, and a pullback may occur in the short term. If the DIF line crosses below the DEA line to form a death cross pattern, it may trigger a bearish signal.**
**　　Bitcoin 1-hour chart**
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**　　First, according to the Bollinger Bands indicator on the 1H Bitcoin chart, the current price has broken through the upper band, which is usually a signal that the market is overbought, indicating a certain risk of pullback in the short term. The middle band serves as a support line, and if the price falls back to the vicinity of the middle band, it may find support.**
**　　Secondly, according to the KDJ indicator on the 1H Bitcoin chart, the K line value is above the D line value, and the J line value is also the same, indicating that the market is currently in a bullish state but is already above the overbought area. If the J line value starts to fall back, and the K line value and D line value form a death cross downwards, it may lead to a price pullback.**
**　　Finally, according to the MACD indicator on the 1H Bitcoin chart, the DIF line and DEA line are crossing downwards, and the MACD green histogram is starting to gradually grow, indicating that the market's upward momentum is weakening, and there is a certain risk of pullback. If the DIF line crosses below the DEA line to form a death cross pattern, it will further confirm the possibility of a pullback.**
**　　In summary, the current market shows a strong bullish trend, but due to the interruption of MACD momentum and the KDJ indicator being in the overbought zone, a pullback or consolidation may occur. If the price breaks below the middle band of the pullback Bollinger Bands or experiences a significant decline, short-term support may emerge.**
**　　Based on the above, the following suggestions are provided for reference**
**　　Short Bitcoin at the current price of 99,200-99,400, with a target of 97,600-96,400, and a stop loss at 99,800.**
**　　Writing time: (2025-01-16, 19:00)**
**　　(Article by - Daxian Talks About Coins)**