Last night there was no K-line, only a hunt targeting everyone. Fellow comrades, I am Old Chen. What you think you see is fluctuation; in fact, what you see is the conclusion. Last night, the cryptocurrency market staged another epic roller coaster. After the US stock market opened, the first two biscuits hit 2880, then violently surged to 3030, and finally crashed back to 2800, a celestial needle. It is not the market shaking, but the sickle drawing the picture.

Every frame of movement is a carefully laid death trap for high-leverage contracts; every reversal is the ultimate exploitation of greed and fear. When you are ecstatic about momentary floating profits, the liquidation order is already on its way; when you panic and cut losses due to a sharp decline, the blood-stained chips have already been quietly taken away. This is not a market situation; this is an indiscriminate cleansing of all directions and all holders.

In this lightning-fast mutual slaughter of longs and shorts, no one is a random survivor; only the hunters who see through the script in advance.

So, why was Lao Chen able to give a warning yesterday about going higher and shorter?

The core logic lies in: seeing through the rebound's hidden agenda. Against the backdrop of a macro headwind that has become a foregone conclusion, any rapid rise lacking sustainable buying support is a trap set by the main force to create liquidity. Last night's rise occurred precisely during a period of relatively thin liquidity, aiming to create false breakout signals to attract leveraged buyers into the market, thereby accumulating ammunition for the real decline. Lao Chen's strategy is to conduct calm counter-sniping at the moment when the market is most frenzied and emotions are most greedy.

At this moment, the altcoin is gasping around 2800, and I must issue the sternest warning once again: this is not the bottom, do not attempt to catch the bottom! The current sideways movement is a dead silence with pressure low enough to be suffocating, before the storm arrives. Everything is waiting for tonight at 21:30, when the real market bomb—the U.S. November CPI data—is detonated. This is no ordinary data release; it is a macro trial that will directly determine the fate of global capital.

For tonight, I only clarify one cruel rule: the quality of the data itself no longer matters; what is important is how the market will utilize it.

If the CPI unexpectedly heats up (inflation rebounds): the market will instantly enter doomsday mode. This equates to confirming that inflation is deeply rooted, and the Federal Reserve's hopes for rate cuts will vanish into thin air. The altcoin will start a waterfall-like collapse, and 2800 will be as thin as paper, with the downside space completely opened up.

If the CPI is significantly mild (inflation cools): the market will first welcome a festive rebound. But remember, this is precisely the most perfect form of a trap! Under the backdrop of the Bank of Japan's historic rate hikes and overall market liquidity tightening, any rebound brought by good news is the last mercy from the main force, distributing chips and searching for a higher launch point for the next round of declines. What it prepares for us is a historically excellent risk-reward ratio, a second high-altitude historic opportunity.

Therefore, my core view is unequivocal:

The trend of bearishness has never changed, but tonight, brainless shorts and blind longs are equally deadly. The real showdown begins at the moment of data release, whether it breaks down directly or rises before plunging again? This will be the key battle that decides the distribution of wealth by the end of the year.

The cryptocurrency market does not believe in tears; it only rewards the sharpest and calmest hunters. Tonight, I will be watching the screen, locking in this decisive moment with you. Follow Lao Chen, and the moment the data lands, we will pull the trigger together. #ETH走势分析