Family, the CPI and unemployment data to be announced tonight at 21:30 is crucial, absolutely not a small news that can be overlooked, there are deep implications here!

Speaking of core CPI, the current prediction is 3.1%. If the actual announced value is higher than 3.1%, it would be equivalent to giving Federal Reserve Chairman Powell a solid confirmation of 'inflation is still high.' The market will immediately feel that the Federal Reserve is even less likely to easily cut interest rates. In this case, the US dollar will definitely strengthen, and risk assets like stocks and cryptocurrencies are likely to collectively decline, which could be quite a scene.

If the released value unexpectedly comes in lower than 3.1%, the situation will be different. The market will feel that inflation has finally started to decline, and hopes for preventive rate cuts will be rekindled. At this time, risk assets may see a rebound, and everyone might make some profits.

Another particularly important data point is the initial jobless claims. This can directly reveal whether the labor market is cooling down, and Powell and those on Wall Street are eagerly watching. If the number of unemployed suddenly increases significantly, it indicates that the economy is really struggling, and the market may ponder whether the Federal Reserve will be forced to cut rates early, which brings a complex feeling of 'bad news turning good.' But if employment remains strong, then 'high interest rates will last a long time' is basically a given, which is purely bad news for the crypto circle.

In short, tonight's data is a directional switch; the market is heading towards either trading recession or high interest rates, all depends on this. Volatility is certain, and everyone must take it seriously; don’t take it lightly!

Now let's look at the news:

Let's look directly at the technical side. In the 4-hour timeframe, ETH is clearly dominated by bears. You can see that both lines of the MACD are below the zero line, indicating a lack of upward momentum and a weak overall trend.

The pressure at the upper level of 3000 is particularly strong, like a wall that is difficult to cross. Unless there is a sudden increase in trading volume, it is hard to change the current downward trend all at once.

There is a key price level to watch, which is 2890. If the ETH price can stably hold above this level, there is a chance to push towards the range of 2980 to 3000; if it cannot hold, the likelihood of the price dropping increases, first looking at the support level of 2700, and it could even drop to 2600 instantly.

Let me be clear about my view: the overall trend is still bearish, so don’t rush to catch the bottom. For friends doing short-term trading, if the price rebounds but does not exceed 2890, shorting at a high is a good choice. Set the stop loss above 2920 and aim for around 2800 first. If the price drops to the range of 2600 to 2650, consider a small long position, but be sure to set a stop loss to control risk.

Retail friends, the following practical operation suggestions can be used directly, so listen up!

Before the data is released, we can prepare in advance by placing two orders. One short order around 2895 and another long order around 2610. By preparing in advance, you might catch an opportunity.

After the data is released, the situation will be different, and actions should be taken based on the actual situation:
If the price hits around 2890 and then turns down, this is a good opportunity to short at a high. Set the stop loss at 2920 and aim for 2800 first. If it drops sharply, then look towards 2700.
If the price breaks through 2890 with strong volume and can hold above that level, then it’s wise to hold off on shorting. For short-term trading, consider going long with a small position, targeting the range of 2980 to 3000.
If the price drops immediately after the data is released, don't rush to sell. Wait until it falls to around 2700 and check the support level at that position. If it quickly breaks below 2700, the next stop is likely 2600. When the price reaches the 2600 area, if there are signs of stabilization, you can try to catch a wave of long positions.

Brothers, I understand, it seems clear when reading the article, but when it comes to actual operations, it's another story. Especially during rapidly changing data markets, being a few seconds slow can mean missing the opportunity, or inadvertently falling into a trap. So everyone must be decisive and calm when operating!

I am the Emperor of the Coin Circle! Follow me, and I'll teach you how to maximize this wave of market benefits! Don't panic if you miss the timing; real-time analysis in the village accurately gives the best entry points. Focus on the chat room, avoid pitfalls, and keep an eye on capital movements, don’t miss the profit window!