Today's Observation.. Anticipated CPI Expectations??

Yesterday was truly a dramatic day… When I was writing, all the indicators were still normal.. After finishing and sending it out, everything took a sharp turn… Yesterday was a day with a lot to summarize, and it also validated new systems and theories, but I won't go into detail here..

Looking back at yesterday.. Later, the low long at 11.92 missed out by over 100 points.. Then I noticed the rebound was relatively weak, so I didn't trade here anymore.. Before sleeping, I placed an order at the 11.82 mentioned in the group.. When I woke up, I found that 700 points had already come out..

Back to today, macro-wise, today is the important release of the CPI data.. Yesterday, Nick had already started preparing for expectations in advance.. CPI might continue to rise.. I wonder if the announcement will affect the current near 90% expectation of a rate cut in September..

So yesterday was also a fragmented day in the market.. On one hand, after reaching 12.2w, spot trading started to take the opportunity to unload.. After Nick provided CPI expectation management, he drew a line.. As a result, US stocks opened and started to scramble for funds?! Ethereum's ETF saw a net inflow of 1 billion yesterday, isn't that a bit too FOMO…

So yesterday was a day where Bitcoin traders were avoiding the risk of CPI while Ethereum traders were stubbornly pushing hard.. Very tricky…

Today's thought process.. A low long can consider taking a shot downwards after the CPI announcement.. But the placement is a bit particular..

11.80 has already been tested twice, unsure if it's stable.. Very aggressive and requires watching the market closely to consider here..

Downwards, 11.73-11.76 is also viable.. There’s a previous low here that hasn’t been tested.. At the same time, there’s also the 30-day average holding cost line.. Moreover, 11.7x is also an important support area for recent on-chain turnover… 11.70 has a breaker block.. Multiple supports.. Only big news or unexpected emotions would break this..

For high shorts, the aggressive breaker block at 11.93 has already been tested, so I won't trade it.. Looking further up, watch the turnover area around the whole number near 12w or below the previous high at 12.07w.. If it breaks here, I’m out and won’t short anymore..