CPI market pulls up, is it a last gasp or a new beginning?

1. News

1. ETF situation

Institutions have been inflowing continuously from Monday to Wednesday. Grayscale also started buying after the CPI data came out yesterday, but the buying situation is relatively small for them. BlackRock, a large institution, has never entered the market. The market trend is still a bullish trend in this week's trend

2. Destruction of the Yitai 2.0 POW mechanism

After the upgrade of Ethereum 2.0, it is generally a positive for the market's future trend. I don't agree with the market saying that I will miss the bull market, but Sol is indeed a better choice than Ethereum.

3. Subsequent trend of CPI data

In terms of data, the possibility of the Federal Reserve cutting interest rates this year has been eliminated, and the situation of a soft economy has increased. It is good for the US economy, that is, it is good for the United States, so it is bad for the US dollar index. The US dollar index and the currency circle are inversely pointing, so the subsequent market will rise, but the expectation of economic charging is reduced, and this wave of rise will not continue.

2. Wave theory

C wave calculation formula

1. Special case

C wave calculation formula: If the rebound of wave b exceeds the highest point of wave a or remains flat, then the price of the falling position of wave c is equal to the lowest point price of wave a

Note: Special trends generally show a head and shoulder trend.

2. General situation

C wave calculation formula: the price of wave a - (1.618 or 2.618 times the height of wave a.)

Three, market analysis

1. Auntie's operation suggestion: 3000-3020 area can continue to be short. The area below 2930-2950 can be considered to be long.

2. Big cake operation suggestion: 66400-66600 area can continue to be short #5月市场关键事件 #NOT开盘预测 $BTC $ETH $SOL