Today's market overall leans towards a volatile trend, with fluctuations not as high as the previous two days, but the overall bullish trend remains unchanged. The market oscillates back and forth at high levels, and though Bitcoin struggles to surge, it quickly retreats again. In this situation, the best approach is to follow the market rhythm and engage in quick trades; as long as profits are secured, one should exit when needed. Waiting for the market to pull back is tantamount to doing all the work for nothing.
After fluctuation in white board, although there was attention on the CPI results being lower than expected, the market's rise was not ideal, and Bitcoin and Ethereum's volatility was quite disappointing.
U.S. stock market opens with all three major indices rising, Bitcoin follows the upward trend but the strength is still insufficient, lingering around the 11W round number.
Ethereum's price has seen a wave of upward movement above 2850. If it can't hold steady during the early hours, it may drop again. Stabilizing at 112000/2920 would be a good sign.
Currently, after another surge at 11w/2850, the pullback is becoming tedious. Continuous back-and-forth like this is pointless.
News:
1. Billionaire Paul Tudor Jones stated, "Buying Bitcoin is the best way to fight inflation."
2. U.S. President Trump posted on social media: "CPI data just released, and it looks very good! The Federal Reserve should lower interest rates by a full 1%. This will significantly reduce interest payments on maturing debts. This is very important!"
3. According to Lookonchain, address 0xcB92 has injected another $3.37 million USDC, expanding its short position in ETH to 40,000 coins, with a total value of about $114 million. This position is currently facing an unrealized loss of over $2.5 million and will face liquidation if ETH rises to $2938.2.
4. ETH's increase in the last 24 hours is 3.64%. During this period, the total liquidation amount across the network was $187 million, mainly from short positions, with ETH liquidations amounting to $63.28 million (33.72%).
5. After the CPI data was reported lower than expected, traders have generally priced in two interest rate cuts by the Federal Reserve this year.
Yumi's trading strategy has been bullish for three consecutive days, with each operation yielding good results. As long as the direction is correct in the big trend, maintaining faith and pushing forward will lead to positive outcomes. What is worrying is if one becomes a fence-sitter and changes direction before the market signals a shift; that would be problematic.
Today's Bitcoin closed at 2371, with Ethereum at 152. When you meet the right person at the right time, the path ahead will progress smoothly. Yumi Silk Road is updated daily, and those destined will always see it.
