This week's major financial events:

Several important data will be released this week, among which the annual rate of unadjusted CPI and the monthly rate of seasonally adjusted CPI released on Tuesday night are particularly important and need attention. The weekly API and EIA crude oil inventory changes, the number of initial unemployment claims, and the monthly report on residential sales prices in 70 large and medium-sized cities in China should be noted. In addition, the Fed officials will speak almost every day this week, and we should pay attention to their attitudes and the content of the subsequent interest rate hike policy.

Regarding the response to the CPI data, the data for January will be released tomorrow. Economists expect that the overall CPI will increase by 0.4% month-on-month and 6.2% year-on-year. Pay attention to CPI because it will affect the next move of the Federal Reserve. Regardless of the result, it is bound to bring great fluctuations to US stocks and cryptocurrencies. Traders only need to take precautions in advance and respond according to the data afterwards.

1. Overall performance of the market:

BTC maintains the previous judgment that 2023 has reached a critical time point. Although BTC has reached the dense chip area of ​​the last rebound in the short term, it is at a relatively bottom position overall. Long-termists only need to invest on dips as planned. Affected by the BUSD event today and the announcement of CPI tomorrow, it is difficult to have a market today and tomorrow, and there may be large fluctuations. Those with heavy positions can appropriately reduce their positions and wait and see.

ETH: Its trend depends on BTC.

2. Track Analysis:

There is a saying about sector rotation in the currency circle: public chain > defi > application (such as GAMEFI) > meme coin, etc. Another thing is to speculate on new rather than old. This week's hot tracks are: Dragon One: Decentralization is the soul of the industry and the only way for the industry to develop. Corresponding varieties: DYDX, GMX, UNI, CAKE. Wallet echelon: SFP, C98, TWT, etc. Dragon Two: LTC and DASH, which are concepts of production reduction, are worth seeking opportunities for intervention in the long term. Dragon Three: The infrastructure sector (new public chain) and new currency concepts that have been adjusted in place this time. Such as: OP, APT, etc., but we have to wait until the adjustment is in place, and it is impossible to rush.

3. Short-term trading opportunities

Short-term trading depends on your own level and energy. If you don't have it, just grasp the big cycle opportunities, especially the opportunities of mainstream coins. The currency circle altcoins make a lot of money, but there are also many people who are trapped. Short-term trading opportunities are suitable for short-term players. I pay more attention to long-term opportunities. Short-term trading funds are small and the frequency is also low. Short-term trading opportunities should be selected from the leading track. Find the corresponding varieties, draw lines at the 1-hour and 4-hour levels to find buying and selling points (pay special attention to the infrastructure sector and new currency varieties: red varieties)

Conclusion: Daily review is only for organizing one's own investment ideas. Views are also formed based on one's own cognition. The corresponding currencies are only for reference and do not constitute advice. DYOR.