Yesterday I got liquidated again, still original sin, damn it, the comment section shared the direction and analysis, but I couldn't achieve the unity of knowledge and action. I ran with the long position from 2500 to 2550, then reversed and shorted, getting crushed at the bottom. The volume broke out, CPI was favorable, and I still went short, unbelievable. My brain is too slow to react.

Let’s talk about today’s direction. Yesterday, the US stock market opened high and kept rising, heading in a good direction, the Nasdaq is almost back to 20,000. The CPI data is also positive.

The ETH fund opened high, retreated, and then saw a volume contraction surge during the day. I saw a trading volume of over 20 million, with most of the volume in the last trading session, and there wasn’t much trading volume during the day, indicating that someone was taking profits. However, the overall US stock market had a bit of a pullback, and the BTC fund also retraced a bit, but ETH rose against the trend with reduced volume, which suggests either the market maker is controlling the quotes or the market is locking positions. This is difficult to analyze, but in any case, there should be some divergence during the day because when the market contracts, it needs to find a new direction.

Now the previous high is 2840, and yesterday’s highest point was 2730, not too far apart. There was no huge breakout last night, which indicates that there is divergence at this position. There should still be a breakout later, and the short-term low should be around 2550-2560, where it oscillated the longest last night. Let's see if it can drop down; if it can, then the low could be 2400-2440. I feel it won’t drop; the overall trend is still bullish, constantly breaking through high points without reaching the real peak.