Direct Lafite, Auntie 150 dollars, one basket a day is enough, no need to do too many orders every day, strong support nearby when encountering favorable data, definitely need to act

Although the teaching chain has always been bullish, the breakout at the daily level yesterday clearly fell back below 120,000, which we can consider as a false breakout. Therefore, today's rebound is particularly crucial. Throughout the day, the key resistances are at 119,500 and 120,800.
Tonight, the focus is on the CPI data. The non-farm data from the Friday before last was bearish, which directly led to this round of pullback. This time, the CPI data is likely to directly affect the interest rate cuts in September. If the data is worse than expected and does not break below the 115,500-116,500 range, it would be a good opportunity to decisively buy back long positions. If the data is better than expected, a rebound could provide a direct entry point for short-term longs.
The teaching chain believes that given the current closing situation of Bitcoin, it is highly likely to maintain a range of 115,500-120,500 with a high probability of oscillation, using a sideways movement to wash away floating capital.
Regarding Ethereum, this round of stretch mainly relies on the significant inflow from institutions in the early stages. Several hundred billion are flowing in daily, with a few hundred million affecting Bitcoin's fear of heights, leading to Ethereum's stretch. Currently, the pressure point is around 4,350. Throughout the day, the approach of relying on 4,350-4,370 for shorting remains unchanged. If it drops low, the range to watch is 4,230-4,250, starting with a narrow space to operate. Ethereum still has great potential in the later stages.
#机构疯抢以太坊 #CPI数据来袭 $BTC $ETH