CPI data is as expected, positive news!
Interest rate cuts in September are a certainty, and from now on, the focus will be on speculating about rate cuts, so the market will definitely lean towards going long.
The long position for Bitcoin at 118800 during the day can continue to be held with the stop loss unchanged.
Waiting for the US stock market to open, the first take profit level is 120500; if it stabilizes above 120500 for four hours, then we can look to break the previous high.
For Ethereum, the limit order during the day was set at 4220-4235; unfortunately, it missed by more than thirty points, otherwise this wave would have been very profitable. Breaking the new high around 4400 would yield another hundred points. As long as it continues to stabilize above 4100 on the weekly chart, the position of 4500-4800 will not be far off!
Continue to hold the long position and take it step by step up to look at $BTC