Last night's needle was a bit nauseating. The CPI was favorable the day before yesterday, and the PPI was unfavorable a day later. In the early hours, Trump talked about inflation being no problem, which is a typical case of artificial manipulation and wash trading, ensuring that interest rates will still be cut in September as usual. The BTC long position entered at 121400 yesterday afternoon was directly stopped out at 120000, ETH at 4794 did not take profit, and SOL at 210 did not take profit either, leading to significant losses for trying to eat a little more. I didn't pay attention to the PPI in the evening, and I underestimated it. The pressure at ETH 4800 is indeed significant, equivalent to the camp at 4600 being ambushed, and the elite was pushed back 300 miles by a fierce general at Hangu Pass.

But the bullish trend is still there. The strong support for ETH is between 4440-4376. If it falls below this level last night, it won't be able to go above 4800 in the short term. Having come down from the high, I will continue to buy on dips to add to positions. Mainstream altcoins that have dropped more than 4-6% can also have their spot positions added; such opportunities are rare because sustained rises at high levels make it less daring to add positions. Today, I will repair indicators below the 1-hour level and reorganize the troops for an assault.