<div><style>
    .source {
      font-size: 0;
    }
    .source a {
      display: inline-block;
      vertical-align: bottom;
    }
    .source img {
      pointer-events: none;
      border-radius: 50%;
      vertical-align: bottom;
      padding: 2px;
      display: inline;
      margin: 0;
    }
  </style>
<h3>Fireline Report</h3>
<p>The U.S. PPI soared to a three-year high, and BTC fell below $120,000. The amount of liquidations on the chain surged, market panic spread, and buying was instantly lost.</p>
<h3>Behind The Scenes</h3>
<p>The Fed's expectation of a rate cut was slapped in the face, and institutional funds took advantage of the negative data to dump the market. The market rhythm was guided by large investors, large-scale liquidations occurred frequently on the chain, and emotions dominated the market.</p>
<h3>Trading Guide</h3>
<p>The short-term divergence between long and short positions in BTC has intensified, and mainstream funds and whales continue to enter the market with high leverage. It is currently recommended to long in batches between 114800-113200, with a stop loss at 111700 and a target of 120600. If the 4-hour line closes firmly in the green zone, the bull market is expected to continue. If a rejection signal is encountered at 120600, you can short in the short term, set a self-set stop loss, and enter and exit quickly. Aggressive investors can follow the rhythm of whale. A conservative style recommends waiting for a pullback to buy low or wait and see, and avoid chasing highs. It is suitable for medium- and short-term trend following and flexible swing trading. The main positions are all at the million-dollar level, and strict risk control is required<span class="source"><a href="fx://followin.io/Feed?id=19356772"><img src="https://static.fwimg.io/img/user/aaa17a48c14c826ec85fbc87e863a74b.png" width="20" height="20" /></a></span>.。</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 08-15 12:36</small><br><small>AI-generated summary, not investment advice</small></p></div>

After the release of the US PPI, traders lowered their expectations for interest rate cuts, and Bitcoin briefly fell below $120,000. Is a bigger correction coming?