Gu Jingci: Bitcoin/Ethereum Continues to Fluctuate Widely; Early Planning for Tonight's CPI Data Release

Ethereum has been fluctuating widely recently, while Bitcoin has been trending downwards. Our multiple short-selling opportunities have yielded good returns. Historically, our strategies have a success rate of around 90%, as you can see. With the CPI data release tonight, we're preparing to position ourselves in advance. 1. If CPI is greater than 3.4% and core CPI is greater than 2.4%, inflation is higher than expected, which is bearish. A rebound in inflation further postpones expectations of interest rate cuts, pushes up US Treasury yields, strengthens the US dollar, and usually puts downward pressure on BTC and ETH, with ETH experiencing greater volatility. 2. If CPI equals 3.4% and core CPI equals 2.4%, it's in line with expectations, resulting in neutral fluctuations. The market has already priced this in, so expect only minor initial fluctuations, not a significant one-sided trend. BTC will mainly fluctuate, while ETH will be more volatile. 3. If CPI is less than 3.4% and core CPI is less than 2.4%, inflation is cooling, which is bullish. Rising expectations of interest rate cuts, lower US Treasury yields, and a weaker US dollar are beneficial for the crypto market. BTC will test higher levels, while ETH's gains often outperform Bitcoin's. It is particularly important to note that core CPI has more influence. Often, when CPI meets expectations, but core CPI exceeds expectations, the market will still interpret it as negative.