$ETH Will tonight's CPI data affect the early conversion of the bull market? The bull market has plummeted, everyone should stay calm! Don't get too excited, don't see the continuous rise in the past few days, and rush directly to the long position without thinking about anything. This kind of person is easy to be taught a lesson at any time! In the past 24 hours, the number of people who were liquidated reached 285,000, and the excess was exploded by 670 million US dollars. Isn't it a bloody lesson enough?

Don't be afraid of heights, don't guess the top, it is our principle, bullish, but not to chase the high position directly, but to wait for a retracement! Especially tonight at 21:30, there will be CPI data released, to prevent the sudden crash of this news, after all, it has been pulled too hard all the way, there will always be someone who takes the opportunity to cash out at a high position and leave, how can the multi-army always laugh?

At present, Bitcoin is showing a trend of top consolidation on the 4-hour chart, and the small level maintains a wide range of fluctuations. What needs attention is that 855-850 is still a relatively important support position. From a technical perspective, the short-term will most likely fluctuate around the 85,500-90,000 area. Be patient and wait for the news to come out!

Note that the market funding rate remains high, reflecting that most traders remain optimistic about the future market. This market sentiment helps push prices higher, but once a pullback occurs, many people may miss the opportunity to buy at a lower price. Therefore, a pullback is not only a healthy adjustment of the market, but also a good opportunity to layout low positions. In the current market environment, the strategy of chasing ups and downs will face greater risks. In contrast, it is more sensible to open a position at a low point during a pullback.

The current price is around 87,500. In the evening, Yuelin expects a drop first and then a rise. The low-multiple positions are placed at 85,000 and 84,000. The target is 87,000 and 89,000. It would be better if it can reach 90,000!

In the bull market, we need to pay attention to changes in the market. In this process, we have to face the test of mentality, and we must remain rational. If you don’t know how to deal with this wave of data, you might as well follow Yuelin and eat meat together! #比特币搜索热度攀升 $BTC