Yesterday's core CPI data met expectations and had little impact on the price of cryptocurrencies. However, next month's CPI data is expected to have a significant influence, especially since there was a war this month. CPI rise and fall logic: higher than expected is likely bearish, lower than expected is likely bullish, and in line with expectations has minimal impact.

Bitcoin's current trend is somewhat disconnected from technical analysis and is more influenced by Trump’s remarks, oil prices, and extreme news. Although Trump’s comments seem somewhat hesitant, Bitcoin and Ethereum have risen slightly, but with national oil reserves nearing depletion, the situation has not improved.

It is recommended to continue shorting on rallies, setting up short positions at various resistance levels, as there are few bullish signals at the moment. Any international geopolitical fluctuations could cause the top two cryptocurrencies to start retreating and become volatile. The Federal Reserve's interest rate decision on the 18th of this month is highly likely to be no rate cut, which is definitely bearish. That’s why I suggest shorting on rallies.

The overall trend remains unchanged; we are still in a mid-term bear market. It is advisable to reduce the frequency of intraday trading. Missing some opportunities means zero cost and no loss; reckless entry might lead to paying tuition. #Gate蓝龙虾重磅上线