CPI data is approaching, what shocking secrets lie behind Ethereum's fluctuations?
Tonight at 8:30 PM, the CPI data will soon be revealed, and many are eagerly anticipating this news to make their mark in the crypto world. But in my opinion, it's best to just take a glance at the news and not take it too seriously.
If non-farm data can be manipulated, how can CPI data be 100% reliable? Reliance on it for trading will likely lead to significant losses, as the main players love to use news to trap retail investors.
Take Ethereum for example; it has been fluctuating continuously in the past two days, seemingly lacking momentum, but in reality, the overall upward trend remains unchanged. The bearish forces are weak, and this fluctuation resembles a carefully orchestrated trap by the main players, just waiting for unsuspecting investors to jump in, only to pull up the coin price dramatically, catching short sellers off guard.
Even if the CPI data is negative, the crypto world may not necessarily respond with a significant drop. We must not let the news lead us around by the nose; we need to have our own judgment, or we will only become the “meal” for the main players.
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