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Evening river navigation trend personal perspective:
The US July CPI data is crucial, indicating that the market expects core inflation to rebound moderately, and there is a hawkish-dovish standoff within the Federal Reserve! The likelihood of a rate cut in September has decreased, and the market is repeatedly speculating about a Federal Reserve rate cut, with the key being that the rebound in inflation also suggests that the US economy is becoming increasingly sluggish! For tonight's CPI data, the market is sure to be volatile! Focus on the time period from 9:00 to 10:30!
From the 4-hour chart, the price of the coin shows a continuous change in wave patterns. On the surface, it appears to be in a W-shaped bottom formation, but today's bullish momentum is not perfect.
Around 118800-119400, look at: around 117600-116800.
Near 4310-4340, look: around 4250-4210
Start with what you must do, then do what you can, and suddenly you will be able to do what you once thought was impossible. #BTC# #ETH#