CPI brings good news, but the market goes against it, falling instead of rising. What on earth is going on?
1. The night before, the US stock market surged like it was on steroids, and after that, there must be a process of digestion and adjustment. The market, like people, has just gone through a 'strenuous exercise,' and it needs to take a breather before it has the energy to start the next 'sprint.' Bitcoin is the same; after a rapid rise of 7000 points, a pullback and adjustment are entirely natural.
2. Yesterday morning, the trend was already set, not only indicating this week's peak but also precisely calculating the upcoming pullback wave points. With the direction and points clear, what difference does it make if last night's CPI data was outstanding? There is fundamentally no reason to drive the market to continue rising; a downturn and adjustment are in line with the overall trend. Therefore, one should not be too ambitious. Or simply sit on the sidelines and watch the show.
Today's focus: $SYRUP
