CPI and PPI both come in strong—will this move push higher or is it a bull trap?


$ETH
Can it trigger a third wave 🌊 ? It’s really hard to guess—what does everyone think?
The CPI and PPI released in the past two days were both below expectations, but in line with a rise 📈 . Next, just wait for a good entry level. Starting around 1784, it’s currently hovering around 1921-1930. Let’s see whether today’s jobless claims data will also be bullish. If so, there’s a good chance it’s the third wave. After that, watch for a pullback and consolidation, then wait for a new direction.
Place a long order to sleep at 1907.48, and see whether a new resistance forms around 1950-1968.
Place a short at 1958-1963, take a small bite and leave.
The premise is that you can get filled.
Next, we’ll see whether it will pull back and then slowly rise to around August 12, waiting for the next round of data.
Personally, I feel it will push up and then fall back to consolidate slowly, or it will still have a new 🌊 wave lasting until mid-next month. Next month’s data expectations likely won’t be bullish, and it will still move downward 👇 .
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Dust9
· 8h ago
坚定HODL💎
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