$ETH

Today, no one is overly optimistic anymore.

In these past two days, even my annoying fans have stopped coming out to insult me.

Last night, I told everyone to go short on BTC at 110K, and not to panic inside,

then go short on ETH at 2850 as it keeps rising, advising everyone to set stop-loss at 2900. After all, this is a live trading session, and people still panic a lot. If we had a stop-loss on-site, some would still feel uncomfortable, but no one got embarrassed.

Especially when a big trader came in, watching the 3-minute chart, fluctuating 30 dollars up and down, potentially losing or gaining 20-30K. I was startled and asked me, 'Bro, should I go long or short?' At that moment, I was really anxious; if I got the direction wrong, I would get wiped out and have to run away.

Yesterday, the U.S. CPI index was higher than expected at 2.4, indicating that inflation is still quite stubborn. It’s unlikely that the Federal Reserve will cut rates in July. Moreover, U.S. Treasury yields remain high, and Trump is in a tough spot; not lowering rates feels like a thorn in the throat, extremely painful.

As for the tariff negotiations between China and the U.S., it’s said to be positive news, but it seems that the East has made some concessions. The U.S. has a 10% tariff, while the East has a 50% tariff. This time, Trump has won big.

I just can't understand how the supreme leader, even higher than Trump, could compromise. However, since an agreement has been reached, tariffs won’t be all over the place, and the impact on the market later will be relatively small, which could be considered positive news.

As for the U.S. stock market, it has already climbed to a high position, and the weekly chart is about to peak, with a high possibility of a correction. If the U.S. stock market isn't doing well, the crypto market won’t be much better.