CPI data is favorable, and the US stock market also rose in the evening. Is ETH going to 3000 this time?

Sister Bei went to Guangdong for a week without trading, waiting for the B wave, and as a result, the altcoin rebound was weak, causing her account to continue shrinking by 7.5%, dropping from 2.3 million to 2.13 million. It's truly hard to make money in spot trading right now; currently, the account is still showing a floating profit of 505,000, with a yield of 31%. The overall market is bearish, currently in a descending channel, with a high probability of forming an ABC wave decline. Sister Bei plans to reduce positions by 50%. However, there are two major positive factors in the news next week that need close attention. Whether they can reverse the downward trend depends on whether the 'understanding king' will perform well. The bulls should not give up!

Let's first look at the technical analysis. The two kings finally had a volume increase and a bottom rebound the day before yesterday. The rebound of Bitcoin in the past two days has been quite strong, breaking through the upper band of the daily descending channel and also the neckline of the head and shoulders pattern on the daily chart, which is the B wave rebound that Sister Bei mentioned last week, bringing a glimmer of hope to the bulls! Unfortunately, the altcoins are not cooperating, declining instead of rising, and the rebound strength is very weak. It seems the market makers are collectively on vacation, not pushing the price at all! This is also the reason why Sister Bei's plan to reduce positions has been waiting. The overall strategy remains to reduce positions on rallies.