Good morning brothers, in the early afternoon, there was a big surge in the morning,
when I wanted to get in and increase my position, there was a sudden drop.
From on-chain data, I observed that over 2000 BTC flowed into Binance at 4 AM.
In yesterday's analysis, we mentioned
that before the CPI is released, the crypto market is unlikely to surge significantly.
We will have to wait until Wednesday night at 9:30 for the CPI data to be released
before the crypto market has a chance to see a turnaround.
Why is that?
Because big funds won't act until the CPI data is released.
If the whales pump the market, it would be pointless.
In these two scenarios:
1. When market confidence is low.
2. When negative news hasn't fully played out yet.
Pumping the price would just allow people to cash out.
So we must wait until the CPI is released.
Either the negative news has to fully play out, or positive news has to lead to a major reversal.
Only then will big funds dare to make large investments.
Therefore, during these days of rapid increase, don't chase it; just wait.
Referring to yesterday's conclusion, a significant rebound is expected this week.
The probability of an increase is greater than the probability of a decrease.