Today is the day when the Federal Reserve announces CPI. The current value is 2.9 and the expected value is 2.6. There is still a distance from 2.

With the recent market decline, I see that many people have given the reason of worrying about the risk of US recession. I think this reason is too far-fetched. After all, it is natural to have this worry when reducing CPI to the target of 2%. This is part of the economic law. The Federal Reserve knows better than us, so it will have many ways to observe the changes in data to test the pressure risk of banks. We don’t need to worry at all.

When CPI is getting closer and closer to the target, #BTC☀ has been consolidating for 7 months. Note: This is consolidation, not distribution. (50000-70000) This range.

Switch the chart to logarithmic coordinates, and you will see a candlestick chart like this (monthly line). The orange candlestick is a candlestick with large volume.

May I ask: Which top is not large volume? Which top will consolidate for 7 months?

So, improve your cognition and do your own trading. My position, my cognition. I make my own judgment, make my own plan, and do my own trading. Share with you~~