Yongle'sJourney

CPI announced, and currently the data is in line with expectations. Inflation growth pressure has eased in the short term, but key data still remains sticky, and the risk of energy inflation has not yet manifested!
The impact of geopolitical conflicts still exists. Crude oil prices remain high. If the Middle East cannot achieve a ceasefire in the short term and crude oil stays high for a longer period, market concerns about inflation in March and April may continue to grow. Serious inflation worries are bearish for long-term bonds and suppress risk market sentiment.

Ethereum is currently approaching the 2000 level. In the short term, this range has some support strength. Last night, I shared 2064🈳, currently in the 44-point range. Let's first reduce some positions here and then continue to look for the next target! Defensive move to the mobile version!

Tonight's release of CPI data is one of the most important short-term market indicators. Currently, the Cleveland Fed and market expectations for February's nominal CPI are 2.4%, which is the same as the previous value, with a month-over-month increase of 0.3%, higher than the previous 0.2%. The core CPI annual rate is 2.5%, with a monthly rate of 0.2%, slightly below the previous figure. However, it is important to note that this data is for February and is unrelated to the current war. Therefore, even if the data isn't high, it shouldn't be simply interpreted as inflation pressures having be

Yesterday, the US stock market opened lower and then rose throughout the day. This week's closing will be a key point for the US stocks, determining whether the market is adjusting to a stable level and entering the late stage of a bull market or breaking below the support band and entering a bear market. Based on the market performance and certain data, this round of rally is caused by short covering accumulated after the recent decline over the past few days, and it has triggered some mechanism-driven chasing strategies. Data shows that open interest is decreasing, which is not due to major

Yesterday, sharing BTC 66,900-67,400 short positions, currently there is at least 1,200 points of room. You can first reduce your positions here and then continue to look at the target levels, moving the stop-loss to protect your principal!#BTC #ETH

Recent macro impacts: Israel and Iran have just gone to war, and Bitcoin experienced a massive sell-off. Several exchanges dumped nearly $3.5 billion worth of coins. However, overnight, not only was this drop filled, but after the early morning monthly close, Bitcoin briefly broke through the 68,000 level. If the war continues to escalate chaos, crude oil will eventually surge, which could significantly impact U.S. inflation, leading the Federal Reserve to tighten monetary policy. The market may then reprice accordingly. In the short term, on the hourly chart, the price is once again showing a

Geopolitical conflicts trigger market panic, Bitcoin 1-hour sell-off volume surges by $1.8 billion
Monitoring data shows that within one hour of the news of the Iran conflict today, there was a concentrated large-scale sell-off in the market. Bitcoin's selling volume surged sharply, increasing by approximately $1.8 billion in a short period. This clearly reflects that, in the face of sudden geopolitical risks, investors' strong risk-averse and panic-selling emotions dominated short-term market behavior. #BTC #ETH

As news of the US joint attack on Iran broke,
gold and silver surged straight up, with 15-minute K-lines skyrocketing like they had been injected with adrenaline;
BTC and ETH, on the other hand, experienced a waterfall decline, dropping decisively without hesitation.
In the past, everyone always said that Bitcoin is digital gold and a safe-haven asset,
but when the guns fire, real gold is unafraid of fire, and the outcome is clear.
Damn, this wave shows that missiles arrived before the bulls.

Ethereum's current price has once again fallen below the $2000 level. After opening the morning near 1885 and experiencing some fluctuations and recovery, the one-hour chart shows the price operating below the middle band of the Bollinger Bands. The overall trend remains in a weak consolidation phase. Regarding the indicator chart, the three lines of the KDJ are turning downward, and the MACD bullish momentum is decreasing. Trading volume over the weekend has shrunk as usual, and there may not be many rebound opportunities in the short term. In the short-term intraday strategy, it is advisable

Today is the last day of February, and the monthly close is approaching. Currently, the outlook is not very optimistic. On Friday, both US stocks and BTC declined simultaneously. As has been discussed over the past few days, market sentiment can be driven by earnings reports, but liquidity will not improve because of earnings. Especially with the ongoing trend of institutional fund outflows and overall market selling for four consecutive days, these are all signs of the current market condition. The core narrative remains that of insufficient liquidity; the lack of funds is a key issue. Solvin

Currently, Bitcoin has failed to stabilize at the 68,000 level. The price has further declined to the middle band support of the Bollinger Bands. Today, the 68,100 short position has successfully secured a 2,000-point profit zone #BTC #ETH

Ethereum 60 points safely in the bag
#BTC #ETH