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August 12 Market Daily Report
1. Review of today's white market trends
- Bitcoin: Did not break through a significant range, touched a low of 118035 in the early morning, reached a high of 119270 in the afternoon but faced resistance, and then consolidated in that range.
- Ethereum: It has been oscillating upwards in the morning, starting from a low of 4187 in the early hours and reaching a high of 4330 at noon; currently, it is repeatedly oscillating between the middle and lower tracks, facing significant resistance at the middle track while relying on the lower track for support, and has not experienced a large decline.
2. Key Influencing Factors in the Evening
The US CPI data will be released tonight, key impact:
- The market expects a moderate rebound in core inflation, with a standoff between hawks and doves within the Federal Reserve, reducing the likelihood of a rate cut in September.
- Trump fires BLS director, CPI report may become the "most controversial data in history". If the White House questions its authenticity, the market may fall into a "crisis of trust", and Bitcoin may become a safe-haven asset, with volatility expected to be severe.
3. Operation Suggestions
- Currently maintaining a low bullish outlook, closely monitoring market fluctuations.
- If it breaks below the key support level, you need to promptly adjust your operational strategy.
Historical patterns and financial market logic indicate that truly valuable coins will inevitably experience an explosion. However, with the vast variety and number of altcoins available, the key lies in conducting in-depth research to identify the truly valuable coins that are about to explode.
If one remains entangled in whether the "alt season has arrived" during the explosion of valuable coins, or even complains about altcoins, they will miss out on this round of market trends again.