Go with the flow, it's not the right time to short; I suggest starting by going long, then shorting later. Choice is always greater than effort! Evening operation suggestion: Go long around 118500 for Bitcoin, with a target first looking at 119600-120500! After reaching the target, then short!

Ethereum 1-hour candlestick chart analysis: With the favorable PPI data, ETH is expected to break through the $3200 barrier!
Information: Jin10 data at 8:30 PM:

Today, combining the latest released U.S. June PPI data and the Ethereum 1-hour candlestick chart, let's analyze the future trend of ETH. From both data and technical perspectives, the probability of ETH breaking through $3200 in the short term is relatively high. Let's break it down in detail!

1. News: PPI data is favorable, market sentiment is bullish.
The U.S. June PPI annual rate released today is 2.6%, higher than the expected 2.5% and the previous value of 2.3%. Although the PPI monthly rate of 0.1% is slightly lower than expected, the overall data still shows moderate inflation pressure, and the market's expectation for the Federal Reserve to cut interest rates may increase. Jin10 data indicates 'bullish for gold, silver, and crude oil', while cryptocurrencies, being risk assets, are also likely to benefit from expectations of liquidity easing.