With the release of CPI data, the market's risk aversion has been effectively released. After the release of CPI, the US stock market opened well, and the cryptocurrency market also ushered in a good trend, especially Bitcoin (BTC) once again set a new record high. This proves that there is no obvious negative in the current market. The decline of FOMO (fear of missing out) sentiment or risk aversion sentiment that we mentioned yesterday has become dominant. According to the current situation, the probability of the Federal Reserve cutting interest rates by 25 basis points in December has greatly increased, and the market may usher in a small wave of FOMO again.

At that time, I was still wondering whether American investors had not yet fully entered the FOMO state. As a result, BTC had a small correction around three o'clock in the morning. It is worth noting that if BTC and Ethereum (ETH) cannot rise synchronously, it means that the altcoin season may not come yet, which also shows that the market's FOMO sentiment is still not sufficient. At the same time, the US stock market has not seen much retracement, which makes me still believe that there is no obvious negative in the market trend. Although Bitcoin has continuously set new historical highs recently, it is exciting, but it also brings some concerns about overheating of the market.

I still firmly believe that even if I am bearish, I do not recommend shorting. The current market is risky. Only when Ethereum also shows a significant increase, the general rise of altcoins can begin! #BTC连续破新高，你看到多少？