BlackRock solidifies Ethereum 'new position', with a total inflow of 10.5 billion into ETFs, anticipates tonight's CPI release perspective, BTC and altcoins plummet while ETH continues to rise in a trend of declining strength

Pay attention to the CPI data at 8:30 PM and the market needle after 9:30 PM for half an hour.

The current market is not very clear, so try to reduce the frequency of trading and the number of open positions to prevent large fluctuations in the market.

Day trading should mainly focus on oscillation limit orders, avoid chasing trades and frequent averaging down.

For Bitcoin averaging down, the minimum distance should be 1500 to 2500 points, and for altcoins, the minimum distance should be 50-80 points.

The purpose of averaging down is to pull the average price in small wave trends, not to add burden; frequent averaging down will only lead to waiting helplessly after being trapped.

For altcoins, it is mainly a wait-and-see approach. If you have a small position, just wait and see, no need to rush. Currently, most old altcoins are just consolidating at the bottom, and there isn't much space below. As long as the position is not very heavy, there shouldn't be a big problem. If you haven't entered the market yet, don't rush; choose your targets well and wait for those old altcoins to reach near historical lows or for new interest in rate cuts. #CPI数据来袭