As soon as the PPI data was released, the cryptocurrency market plummeted across the board! Ethereum directly pulled out a 'Heaven and Earth Needle', what should we do next?
The recent PPI data has completely ignited market sentiment, and as soon as it was announced, the cryptocurrency sector instantly crashed!
The US dollar index strengthened, putting pressure on risk assets across the board.
ETH even staged a 'Heaven and Earth Needle', stepping into the abyss and then pulling back strongly, burying those who went short completely.
Important reminder: Now is not the time to blindly go short!
After a significant drop, the main players often prefer to counterattack, and those who went short may become fuel for the rebound.
In the short term, market sentiment has been shattered, but the more chaotic it gets, the more calm we must remain:
1. Do not chase highs or sell lows in the short term.
2. Control your position to prevent a second bottoming out.
3. Wait for the Federal Reserve's policy signals to decide on medium-term positioning.
Only after all the bad news has been released can the turning point of the market begin.
If you want to learn more about cryptocurrency news and know the direction of the next wave of market movement, keep up with the rhythm of 'Geng Jin-ling' to flip positions and make profits!!!
