CPI is clearly favorable, so why did it drop?

On the morning of June 13, the turmoil in the Middle East caused a rapid plunge of ETH below the support at 2660, directly falling to the defense at 2480.

Why choose this defense? Looking back at the past half month’s market, there have been three major touches at this position followed by rebounds of over two hundred points.

It is clear that this is a consensus; institutions and big players tend to buy at this position rather than sell.

Now, the left-side support is lightly positioned for a rebound, and the right side confirms an increase in positions.