Is CPI data just a smokescreen?
Ethereum's violent surge teaches a lesson!
Last night, the CPI at 2.7% was below expectations, but the impact of the data was fleeting. Ethereum's assault has reclaimed the profits of two years for the bears, earning it the title of "bear ATM" 💸
Current market situation:
1️⃣ Spot traders missed the boat and are now in pain
2️⃣ Those who sold at $4000 are now dumbfounded
3️⃣ Long positions can't be held, taking small profits and running
4️⃣ Short positions are stubbornly holding on and continuously averaging down (most lethal)
5️⃣ The group shouting "the bull market is over" has been slapped in the face
ETH 4-hour key signals:
🔥 Volume breakout from the consolidation zone (no shadow large bullish candle)
🚀 Continuous bullish candles after the breakout + increase over 5% (true breakout confirmation)
💪 The latest bullish candle has no upper shadow, bulls have complete control
Trading reminder:
⚠️ Short-term pullback may occur (don't chase the highs)
💡 Pay attention to value coins in accumulation (next wave of opportunity)
The cruelest aspect of this market trend is: most people are on the sidelines as spectators 🏟️#ETH突破4400