CPI data is about to come, how to build positions tonight
Recently, the market has fallen due to various tariff increases by Trump, but last night's announcement of a 90-day delay in tariffs finally led to a market improvement.
In fact, there was no problem building long positions at that position yesterday. You can see how much space there is below Bitcoin and Ethereum for them to continue to drop; the position is already low enough, and the risk of going long is completely lower than going short. Once the bad news is out, it becomes good news. Indeed, Trump spoke last night about the 90-day delay in tariffs, which led to a market rebound.
Yesterday, I also led some larger fund fans to bottom fish a bit, so how will the market move tonight? The key lies in the CPI data.
The data will be announced soon, hoping to help fans see fewer pitfalls.
First of all, the CPI data is likely to be good news, but good news does not mean the market will rise. It is likely that there will be some spike movements. Currently, the market liquidity is insufficient to support a rise, so tonight one can choose to build short positions during spikes, also need to pay attention to Trump, the troublemaker, those who understand know.
Focus on the strong support for Bitcoin at 75000, and choose to take profits on short positions before 75000, as this level is very difficult to break.
If the CPI data is good, then the probability of interest rate cuts will decrease, and good news will turn into bad news.
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