The U.S. July seasonally adjusted CPI annual rate released in the evening was 2.9%, lower than expected and the previous value, and the monthly rate was in line with expectations. The data was positive and the market fell against the trend. Within an hour after the data was released, the liquidation leverage exceeded 50 million US dollars, of which long positions accounted for more than 95%. When this game is still controlled by capital, what can make us money is to control human nature.

The logic of this CPI data crashing the market and the previous non-agricultural data pulling the market is consistent in my opinion. The continuous decline of CPI has led to a trading recession atmosphere for small stocks, so US traders immediately reduced the extent of the September rate cut. From last night's PPI data and today's CPI data, the Fed has no logic for not cutting interest rates. The next step is a game between 25 basis points and 50 basis points. It is highly likely that the starting point of this round of rate cuts will start with 25 basis points.

Mentougou transferred out 33,100 bitcoins to a new address again today. Combined with the previous transfers and compensations, Mentougou has finally moved all the mountains. Without the huge sell-off sentiment, the data continues to improve. The only possibility that can continue to make the market pay in the short term is a full-scale war between Iran and Israel. Let's look forward to world peace.

Yesterday, Bitcoin spot ETF had a net inflow of 39 million US dollars, and Ethereum spot ETF had a net inflow of 24.3 million US dollars. The funding side continued to remain stable. If the macro data for September is not bad, the reversal of Ethereum data will be reflected in the bulldozer-like surge in the market within two weeks. What is coming will eventually come.

In terms of altcoins, at this stage, it is still recommended that everyone pay more attention to the layout of Grayscale. Everyone in the industry knows that the last bull market was after Grayscale entered the market, and the copycat market reached an unprecedented level of madness. Even Grayscale experienced a huge asset retracement in the end. But looking at the various similar crypto fund products established by Grayscale objectively, there will be a very significant market rising cycle after his layout, such as SUI two days ago, MKR today, etc.

In terms of trend, the rebound from 49,000 points to 62,700 points was almost completed in one go, and the short-term volatility situation is becoming clearer and clearer. In our previous view, we always believed that the market needs to complete a second bottoming out before starting a new round of main uptrend. At least there is no signal that the bottom has been established at present. If the extent of the wash increases, Sanshu will maintain the previous view that the staged bottom will be seen this week.

In the trading market, our cognition often determines our trading situation, but the trading logic that is truly valuable to us is the moderate control of desire beyond cognition. If the market continues to fluctuate during garbage time, then we will continue to focus and wait for its main upward trend.

BTC: Bitcoin has been testing 59,000 points for four consecutive days after rebounding. The market does need a downward range shock around 57,300 points to test the second bottom. From the perspective of strength, the opportunity within 24 hours is still quite large. With this wave of market crashes in the evening, the momentum of the upward breakthrough is further weakened. The market trend continues to test the bottom downward as expected yesterday. Continue to wait for the phased consumption of the short-selling momentum. The upper trend pressure level is 63,000 points in the short term.

ETH: Ethereum ETF funds inflow and outflow officially reversed, and the intraday trend was linked to the adjustment of Bitcoin. The bottom support continues to focus on 2510 points, and the pressure level is 2848 points.

SOL: Solana and other big cakes will have a callback after filling the gap. Let's see if it can provide opportunities. The ideal price is below 130 points.

TON: Intervene directly when it pulls back to 5.8 points. There may not be any opportunities in the short term. Pay attention to the support below near 6.5 points and adjust the long position first. It is expected to be strong for a period of time.

The Fear and Greed Index is 30 during the day, indicating a state of fear. After the bottom of the bitcoin market, the first-tier stocks that are expected to rebound strongly are sats, ton, tia, near and mkr. Each of them corresponds to the dominant position of different sectors, and you can refer to it without any pattern.

Finally, stay away from leverage and stock up on spot goods! ​​​#美国CPI数据连续第4个月回落 #新币挖矿TON #美国7月PPI低于预期 #Ripple于诉讼中取得部分胜利 $BTC