#treidersbootcamp Market sentiment turns bearish despite positive CPI data

AI Summary

According to Odaily, Adam, a macro researcher at Greeks.live, shared insights at a briefing for the English community, revealing bearish sentiment among traders despite positive consumer price index (CPI) data, which showed an increase of 2.8%, slightly below the expected 2.9%. Traders are closely monitoring the critical support level for Ethereum around $1,900 and discussing a potential bottom for Bitcoin, with some suggesting a target drop to $60,000. The market quickly recovered losses from favorable CPI data, with traders expressing that there are no longer positive factors for Americans. Ethereum has been described as 'under immense pressure', but there is still potential for recovery despite the overall negative sentiment.