Market Analysis:

Last night, the U.S. Bureau of Labor Statistics released the January Consumer Price Index (CPI) report, which became the catalyst for this round of rebound. Nearly 90,000 traders were liquidated in the past 24 hours, with 230 million wiped out. The short positions were violently squeezed, and panic sentiment has not yet subsided!

Macro News:

1. January CPI year-over-year increased by 2.4%, below expectations. This inflation report "offset the pressure from this week's strong non-farm payroll data, providing the Federal Reserve with a 'slightly dovish' reason," and it is expected that there will be two rate cuts this year, with the next possibly in June;

2. BTC ETF has ended net outflows, with a single-day net inflow of 65.18 million, while ETH ETF continues to withdraw;

3. U.S. stocks closed higher, Coinbase rose over 16%, but the positive transmission was limited;

4. The regulatory policies from 8 departments continue to have an impact, clearly stating that virtual currencies have no foothold domestically. Regulatory pressure is further strengthened, continuously limiting the rebound space.

Trading Tips: You can ask in the live broadcast room

Special Reminder: Do not chase highs, do not bottom fish, do not leverage, refuse to be tempted into long positions and get trapped; hold positions at high points, stay in cash, and protect your principal to enjoy a good year!

Tomorrow marks the start of the Spring Festival holiday. We encourage all trading partners to put down the K-line charts, temporarily step away from the market, and focus on family and reunion! Here, I wish everyone a Happy New Year: May you ride your horse swiftly in the Year of the Horse, and may wealth flow abundantly! May your trading be as precise and decisive as a galloping steed, and your account shine like a rainbow after spring breeze! Wishing happiness and peace to your family, see you after the holiday! #我在Gate广场过新年 #Gate广场发帖领五万美金红包 #CPI数据将公布 #当前行情抄底还是观望？ $BTC $ETH