As a judge in the cryptocurrency space, I'll get straight to the point: The recent surge in Ethereum is likely nearing its peak, but the first warning sign is not given by the candlestick patterns; it is definitely the economic data ringing alarm bells—especially tomorrow's CPI data, which is critically important!
The last two CPI data points were 2.4 and 2.7, which is not a good sign and indicates that inflationary pressures are still relentlessly challenging the economy. Recall when the publicly available data soared to 9% in 2021, the market plummeted by over 30%, a bloody lesson laid bare! Now, those participating must clearly set their stop-loss and take-profit levels, gradually positioning with smaller amounts; don't go all in right away.
Even more amusing is that everyone's expectations have actually been raised, which precisely indicates a lack of confidence and uncertainty. Before the data is released, don't hold on stubbornly; it's always wise to be cautious! Do you want to give it a push? Or kick it off a cliff? Brothers stuck in positions report the cost price! Follow me! The candlestick judge will open an escape route for you!
