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Olivia Rose
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With $BTC near $74,000 and funding stretched, waiting for tonight's CPI before judging a bottom looks like the patient call, not the fearful one. #USCPIAboveExpectations #StrategyBuybacksInFocus
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Tonight's CPI, can it rebound?
It's been several days, and there hasn't been any decent rebound at all.
With such a drop, it shows there are really many people bottom-fishing!
It's clear they want to blow up all the bottom-fishers,
Funding rates have been maxed out,
Short sellers are really comfortable, profiting while collecting funding fees,
But the longs are miserable,
Paying funding fees continuously and still losing.
At this time, it's really scary to go long!
Only the longs are gradually stopping losses,
No one in the market dares to bottom-fish anymore,
I think only then can the price go up,
I estimate this will be next month.
Now Bitcoin $BTC is at 74,000, Ethereum $ETH has already dropped below 2,100,
This level looks tempting,
But I think it's not yet time to bottom-fish.
Let's wait and see tonight's CPI,
If CPI is favorable and prices remain low,
Then you can try a small long position,
Otherwise, try not to go long.
Brothers, what do you think? Dare to go long now?
Check my pinned post. #美国10月CPI今晚公布，加息预期能否改变？
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