CPI good news causes Ethereum to strongly rebound, and the upward trend can be sustained. This wave of altcoins has a chance. It seems we have grasped a starting point for the market. Before the market starts, we replenished the funds from the reduced positions, which not only avoided the risk of decline but also increased many chips.
The U.S. July end adjusted CPI annual rate was 2.7%, with a market expectation of 2.8%. The published value is 2.7%, which is good news.
The U.S. July adjusted month-on-month rate was 0.3%, with a market expectation of 0.2%. The published value is 0.3%, which meets expectations and has a minor impact.
Now let the bullets fly for a while, and wait until 9:30 to see if it’s a real breakout or a false signal using the good news from CPI to lure buyers into a drop. Currently, being 70-80% invested is more suitable. If it drops, we can replenish; if it rises, we can sell. Let’s quietly wait for the market to arrive.
