Although the main market was quite sluggish yesterday, there were still some higher trade volumes. After the pullback last night, there was a brief surge, and then again a little bit was gained. Overall, it just managed to break even. Last night, it was mentioned that the CPI would be released this evening, which means that the CPI movement will be significant. Before such major fundamentals arrive, there won’t be higher trade volumes; instead, there needs to be a buildup of strength first. Therefore, the trend will initially fluctuate, as it has always been before major fundamentals arrive.

Compared to last week, this week there are fundamentals every night, and the trend is also moving in the direction of these fundamentals. Currently, the market environment shows rising inflation, while the employment rate is also decreasing. The weak market economy has led to the necessity of a pullback to alleviate the situation. Although the pullback is established, the economic environment is not good. The effects of previous pullbacks have already occurred multiple times, and they have little impact now, unless the pullback changes from 25 basis points to 50 basis points; otherwise, it won't be able to rise significantly. Let's first look at the range and hold steady.

Look for a pullback around 114200 to 114600, and observe near 129000. #btc #ETH