11.12 Evening Market Overview:
The October CPI annual rate was just announced at 2.6%, which was expected to be 2.6% and the previous value was 2.4%. It was in line with market expectations, a three-month high, and stopped the "six-game losing streak". So as soon as the data was released, the big cake went straight to 89K. In fact, as long as the United States releases money and cuts interest rates every month, it is really good for the cryptocurrency circle. It cannot be said that the current CPI and non-agricultural data are not to be looked at. Although we know in our hearts that it is fake, we have to know this value to some extent. It's like the emperor's new clothes!
The opening of the US stock market will be our highlight later, so I am sure that tonight will be another sleepless night. The big cake will either break through 100,000 and enter the second wave of the bull market climax, or continue to pull back, and even go to around 80,000. Of course, I am optimistic about the sprint to 100,000; take one meal at a time and take one step at a time! Be down-to-earth! At the age of 40, I always remind myself to be stable and make continuous profits instead of huge profits! Be modest and impatient!
Flying frog PEPE: Let's talk about this green frog tonight. I mentioned it repeatedly in the posts a few days ago. I haven't looked at any of the gold dogs on Ethereum, the first and second layers of Ethereum. It's not that they are not good, but we each chose different targets! I bought PEPE at 0.5, and then added positions at 0.978, and then at 1.032. I heavily invested in PEPE of Ethereum. Last night, I asked everyone in the group to continue to buy at the key position of 1.235. Everyone received the goods smoothly. I also repeatedly emphasized that the callback is our opportunity to get on the train! It stepped back on the trend line 6-7 times in 1 hour and stepped back 4 times in 4 hours. Those who understand will understand, so I won't say more here. At present, the pressure is 2.209, 2.405, and 2.507. If it pulls back at night, we will continue to look at the effective support of 1.288, 1.235.1.191. I just typed and found that PEPE has reached the 20 position. This frog either does not move, or it moves like an earthquake, which makes people take a new look at it unexpectedly!
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