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6.11 Market Overview: CPI Positive + ETH Unstoppable + SOL Making Money
The CPI data released at 8:30 PM is 2.4, lower than the expected 2.5, and the previous value was 2.3%. The CPI data is favorable, and the Federal Reserve is expected to raise the standard for interest rate cuts, anticipating a total cut of 77 basis points over the next year, with a cumulative cut of 48 basis points by December; after the US stock market opened, it rose high after the first hour, the bull market is still here, are you still with us?
ETH is on an upward triangle, currently facing resistance at 2856; waiting for a right-side pullback near the trend line at 2778 not to break or to break and then pull back above to enter long positions, with the stop loss at the break point, targeting 2829; currently, ETH is showing strong returns, with both the bottom and top rising, making it more suitable to buy on dips.
Last night for SOL, I entered long positions on the right-side pullback at 157.09 if it did not break or broke and then pulled back above, with a target that accurately reached 162, and now at 168, it has completely exceeded the take-profit target range; currently, as long as SOL does not break the support at 165, it continues to maintain a bullish structure, waiting for a pullback to 165.14 or to break and then pull back to enter long positions, with the stop loss at the previous low, targeting 168.87 and 171.68; or alternatively, to place a low buy at 157.09, with a stop loss at 155.35, targeting 162, 165, and 168.87.
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