The panic index today is 73, still in a state of greed.

Yesterday, Bitcoin reached a new high of 123,300 and then began to pull back. After breaking 120,000, I also reduced part of my position. Although there will definitely be new highs, just follow the strategy I planned. I will reduce corresponding positions at 130,000, 140,000, and 150,000. If there are lower prices, like entering at 40,000 or 50,000, the same approach can be applied. Trump said he would impose a 100% tariff on big wool, and Bitcoin fell below 120,000. A small pullback is normal, especially since the on-chain Bitcoin spot premium has also shown a downward trend, indicating that it's normal for a large number of people to choose to exit at this price level.

If tonight's CPI is lower than expected, a rate cut in September should be a done deal. Let's see the data tonight.