The data was negative, but the market trend went up in the opposite direction. The answer is this
Last night, the U.S. data was released, and the unemployment benefits, PCE and other data were all negative, which was consistent with Brother Qiang's previous judgment on the direction. However, the market trend struggled and fluctuated but went up against the trend. ETH's high point reached 3476, which surprised many people.
It turned out that there was another news that "asset management institution VanEck has submitted Solana trust application documents to the U.S. SEC". The main force took the opportunity to raise the price in the opposite direction. Whether this is a determination or a bull trap, we don't know, but from the operational point of view, my response method is to see the chip structure clearly. The transaction concentration area above ETH has not been broken. It is still in an up and down oscillation structure. Hold the currency and wait and see the direction. If the direction returns to the right direction, wait for the expected trend to develop. If it continues to rise and break through the transaction concentration area, stop the loss decisively.
