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US core CPI data came in below expectations, and with this signal, BTC's momentum is about to cool down.
On the ETH side, focus should be on the 3400 level. Once it breaks through this point, the previous highs could be easily taken out, and if it stabilizes above 3400, there might be a chance for acceleration. Conversely, the key support below is at 3180. As long as this level holds, the upward momentum won't be interrupted. If it breaks below, the rally will slow down.
Ultimately, it still depends on how BTC moves. If there is no second breakout next week, the market is likely to see a correction. Pay special attention to the opening performance on Monday morning — the weekly closing direction often indicates the short-term trend. So, keep a close eye and avoid being caught off guard by sudden market moves.
That opening move on Monday can tell everything, we need to watch it closely.
Once the CPI data is out, the bulls will have to endure again... If BTC is weak, no matter how strong ETH is, it's useless.
Once 3180 is broken, we have to admit defeat; this support is really holding on tightly.
If there's no second breakout next week, get ready to buy the dip, as the probability of a pullback is very high.
Honestly, right now everything depends on BTC; if it wavers, the entire market will tremble.
ETH's 3400 range is a hurdle; if it passes, the sky's the limit, if not, it will slide down.
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CPI below expectations actually makes me feel uneasy, I always feel like something is about to reverse
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Watching the market open on Monday, I’m just reading the signs, anyway I can't sleep well
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If BTC can't perform well, no matter how much ETH jumps around, it's all in vain; we still have to wait for the big brother to decide
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If the support at 3180 below breaks, I’ll just go out and relax, I don’t want to watch anymore
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No matter how right it is, it’s useless; the key is to hold onto 3400, one careless move and all could be lost
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This wave of correction is probably unavoidable, it all depends on who can hold the bottom