Good morning everyone, will tonight's US CPI be a boost or a drag for the market?

Currently, the market trend has slightly pulled back, but overall, on the daily chart level, it is mainly oscillating. Plus, tonight at 8:30 Beijing time, the US CPI will be announced. If the data comes in below market expectations, there could be another wave of pullback, so the 80,000 level will become a psychological support zone. Personally, I believe the bullish momentum in the market is still intact. Before the US data is released, it’s advisable to adopt a short-term swing trading approach with caution, then wait for the data to come out before adjusting trading strategies.

According to the liquidation map, BTC currently shows a relatively balanced long and short position, but the density of positions is sparse. ETH, on the other hand, indicates a market dominated by bears with moderate density. Conversely, SOL is led by bulls, but its density is also moderate. As for crypto ETF institutions, the situation is similar. Yesterday, net capital inflow was about $69 million. In terms of trading volume, the market remains cautious and conservative, which indicates that traders are waiting and watching for tonight’s US CPI.

Based on the trend analysis before the CPI data is released: BTC still maintains a healthy upward trend structure, so during the day, it continues to oscillate sideways within a range of 80,000-82,500. ETH remains mainly in a cyclical oscillation, with a weaker trend, overall fluctuation between 2,250-2,350. SOL shows relatively strong performance; however, traders should watch the overall market trend. If the market drops, SOL could also face significant pullback risk. Therefore, the short-term fluctuation range is roughly 94-98.5.

Today’s contract strategies:
BTC: Buy on dips around 80,500, take profit at 82,000
Otherwise, short at 82,000 or sell high, take profit at 80,500

ETH: Buy on dips around 2,260, take profit at 2,320
Otherwise, short at 2,330 or sell high, take profit at 2,270

SOL: Buy on dips around 95, take profit in batches at 97.5

Warm tips:
1. Stop-loss suggestions should be set according to your actual liquidation price and your risk tolerance.
2. Don’t be greedy; lock in profits when possible. Better to take small losses than to hold against the trend. If the direction is correct, hold on.