Today BTC plummeted, the culprit is the surge in the US PPI index. What is PPI? It's almost nonsense. It's just an excuse for the manipulators to recklessly cut the leeks. This round of bull market has never been affected by the PPI index, so why is it affected today? It seems that in order to burst the longs, there are no negative factors available, so they can only mess around with this negative factor. Don't be timid, continue to buy the dip and go long. This round of bull market is not over.

In July, PPI surged by 0.9%, the largest monthly increase in three years, exceeding expectations by four times! PPI tracks the 'factory price' before goods reach consumers. Unless companies bear the costs, rising PPI usually pushes up CPI. I really don't understand this PPI?

No need to talk about tomorrow, Trump will definitely come out to defend the market. Interest rates have not been cut, and it is impossible for the US stock market to collapse systematically. BTC, continue to go long, near 118,000, add positions at 117,500, stop loss at 115,800. In 2-3 days at most, BTC should rise again to 120,000. This spike is the second such occurrence in this round of bull market, and the market typically rises even higher afterwards. Anyway, from my perspective, this round of bull market will end only above 130,000. However, today, BTC's drop and this kind of operation, I am also impressed.