What! Will the crypto market explode tomorrow? CPI inflation data is coming, will Bitcoin crash? Let me talk about my current strategy.

1. As shown in the chart, Shuqin summarized the major investment banks' expectations for tomorrow's inflation data, which are particularly surprising. Most CPI forecasts are between 4.2% and 4.3%, significantly rising again from the previous 3.8%, continuing to increase for several months. So the question is, will there be a crash tomorrow?
2. Actually, Bitcoin has already started to weaken in advance today. The market is indeed worried about CPI. But the specific trend still depends on whether the actual results beat expectations, because the market has already priced in a CPI increase, so it’s not about the previous value but the difference between the actual and expected values.
3. If CPI is greater than 4.2% and core CPI exceeds the 2.9% forecast, that’s bearish; if lower, it’s bullish; if it meets expectations, then it has little impact. Although there is short-term uncertainty, long-term inflation will definitely go upward, which is a huge bearish signal. The trend this year is not very optimistic.
4. Besides CPI, looking purely at the K-line, Bitcoin indeed, as we discussed yesterday, 65k is the first hurdle. Approaching this level, a correction will begin. Congratulations to those with short positions. But this is just the first step. I believe everyone is most concerned about whether this pullback is a consolidation for further rise or the start of a decline.
5. This is actually not hard to judge. As long as Bitcoin can create higher lows and higher highs, the rebound trend will be clearer, and it will continue to rise. So as long as it doesn’t drop to the previous consolidation low of 61k, there’s nothing to worry about. Raising the lows increases the probability of raising the highs.
6. Overall, it’s very wise to heavily accumulate near the previous low of 60k. ETH and SOL both rebounded sharply over 10%, and BTC also rebounded 9% from 50k. We are in a very advantageous position. Meanwhile, we successfully shorted crude oil at the $94 resistance, gaining substantial profits. Wherever the market goes, we operate accordingly. Every day is full of opportunities~ Shuqin