[Before today's CPI and PPI, the market will fluctuate sideways and will not fall sharply. Why is the next catalyst the full moon: Vivi's interpretation]

1. Market status and resistance

Vivi mentioned at 9:30 last night that, as expected, the market encountered some resistance above the golden pocket, but this resistance was not enough to support shorting. Before the release of data such as CPI and PPI tomorrow (which can serve as catalysts for the market), the market will fluctuate sideways and will not fall sharply.

2. Expected trends of altcoins and Bitcoin

Altcoins: Since the market will not fall sharply, we can still expect altcoins to rise. Vivi said that he still will not short altcoins at present, because altcoins will still rebound before certain circumstances (3D hit-related circumstances, if any).

Bitcoin: Vivi believes that Bitcoin is fluctuating in the 84,000-90,000 range, and in subsequent developments, the probability of a price drop to 78,000 is relatively high, and this price is a good choice for bottom fishing. If both the Consumer Price Index (CPI) and the Producer Price Index (PPI) meet expectations, Bitcoin will remain stable, and the next factor (catalyst) affecting the market is the full moon. Be cautious from now until Friday. Considering various factors, Bitcoin may fluctuate in the current area, and then may fall below 78,000, and then start to rise.

3. Position operation and understanding of market fluctuations

Vivi mentioned that they hold some points, which may experience a retracement, which is not surprising, and retain some positions on one side in order to reach the average level to cope with the risks brought by market fluctuations.

Overall, Vivi also believes that Bitcoin has entered a volatile range and will rise again after a shock wash.

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