arc, uni, ai16z, aixbt, Yesterday afternoon I told the family in the group about the order situation, just showing off a bit, those who need the wealth password please follow, interested parties can look at the bamboo leaves #加密市场反弹
ETH had a direct V-shaped rebound and confirmed a double bottom last night
Short-term opportunity: It has risen quite a bit now, and chasing long positions directly might have a large stop loss, but you can try a small position. If it pulls back to around 4570, it would be a good opportunity to add to your position!
Key resistance: The level of 4700 above is a hurdle. If it can hold above that, it basically means it's on a trajectory towards the historical high of 4900! Target: If it surges up this time and breaks the previous high, the probability is very high, just hold steady!
Trading advice: Aggressive: Enter with a small position now, with a small stop loss. Conservative: Wait for a pullback to around 4570 before adding to your position. If it breaks 4700, you can continue to hold. Target level: First target is 4700, if it holds, then wait for a new high at 4900!
The Consumer Price Index (CPI) is 2.7%. Experts expected it to be 2.8%, but it is slightly lower than expected. This is good news for the cryptocurrency market.
"A lower CPI is a good thing, indicating slow inflation, and the Federal Reserve may not raise interest rates. This is beneficial for cryptocurrencies because high interest rates usually lead people to sell. If inflation is under control, cryptocurrency prices are likely to stabilize or rise; if the CPI is too high, prices may fall. So this news is favorable for cryptocurrencies, and traders should closely monitor developments to seize buying and selling opportunities."
So is a rate cut in September a done deal? It's important to position for a bull market.
For a more stable approach, consider bottom-fishing some spot purchases,
Focus on the Ethereum sector, the public chain sector such as SEI, APT, and the chain game sector; these are all good, find leading projects in these sectors,