Golden Pig's take: Tonight's move was deleveraging triggered by the U.S. CPI scare. $ETH I'm bullish, but I won't catch a falling knife—I'll wait for 2,000 to hold before scaling in.
The U.S. Bureau of Labor Statistics just reported: October CPI rose 0.4% month over month, while core CPI rose 0.3%—its third consecutive month at +0.3%. Inflation hasn't come down, so rate-cut expectations will likely be pushed back.
Binance spot $ETH 24h was down about 5.7%, with a low of around 2,006—the lowest in nearly 40 days; $BTC also fell below 74,000 over the same period.
My plan: if 2,000 holds, I'll start with a small position; if it breaks below 2,000, I'll exit. I'll add more if it climbs back to around 2,100 (where it was before the data came out).
Data-driven sell-offs often hit leverage, not the underlying thesis.
When the market sells off on a data-heavy night like this, how do you usually manage your positions?
#CPI #ETH #美联储 $ETH $BTC
Data source: U.S. Bureau of Labor Statistics (BLS) and publicly available Binance spot market data. DYOR; this is not investment advice.
The U.S. Bureau of Labor Statistics just reported: October CPI rose 0.4% month over month, while core CPI rose 0.3%—its third consecutive month at +0.3%. Inflation hasn't come down, so rate-cut expectations will likely be pushed back.
Binance spot $ETH 24h was down about 5.7%, with a low of around 2,006—the lowest in nearly 40 days; $BTC also fell below 74,000 over the same period.
My plan: if 2,000 holds, I'll start with a small position; if it breaks below 2,000, I'll exit. I'll add more if it climbs back to around 2,100 (where it was before the data came out).
Data-driven sell-offs often hit leverage, not the underlying thesis.
When the market sells off on a data-heavy night like this, how do you usually manage your positions?
#CPI #ETH #美联储 $ETH $BTC
Data source: U.S. Bureau of Labor Statistics (BLS) and publicly available Binance spot market data. DYOR; this is not investment advice.
