First, you should know that the market always reacts in advance. Most of the declines have already occurred last night and today. So even if the CPI is negative, it may not drop much more. However, if it meets expectations or is positive, it would be a pleasant surprise and could trigger a nice rebound.
From the K-line perspective, Bitcoin has decent support around 118,000. Under normal circumstances, we should see a nice rebound. Last night, Shu Qin mentioned that ETH's support is near the 4150 neckline. Now take a look, has it rebounded from 4160? It's already risen to 4300. Congratulations to those who bought the dip~
I think the real opportunity for ETH is to short it at a low multiple near its historical high of 4800 because no matter what coin reaches a historical high, the probability of a pullback is very high.
Last night, ENA was above 0.8, but I mentioned in my video that it would pull back to around 0.7 and 0.75, and then we could buy the dip. Today, it dropped to a low of 0.77, which is quite close, but I want to see if it can go a little lower.
Currently, the only ones losing money are PENGU and SOL. That's right, I'm also temporarily trapped. The stronger support for PENGU is around 0.032-0.033, so you might consider adding some to lower the average price and see if it can hold. If the CPI rebounds tonight, we can consider selling at a high point and observing.
However, in conclusion, Shu Qin wants to say that our current strategy is to make short-term gains and rebounds, and not to over-leverage. For real large positions to buy the dip, we still need to wait for panic/extreme panic to occur. For now, it's all about short-term trading, don't get too carried away. You need to be clear about what you are doing and have a plan.
I hope everything goes smoothly with the CPI tonight. I will share the results as soon as possible, so don't forget to follow me~
