CPI announcement brings market sentiment back, ETH breaks 4000 dollars or rushes to 4280, CS2 cosmetic market plummets 70%
Before the release of US CPI data, market sentiment has significantly improved, and US stocks have seen a broad-based rally.
On the macro level, China’s 14th Five-Year Plan focuses on emerging industries like quantum technology and biomanufacturing; the reserves of the US banking system have dropped to their lowest since the beginning of the year, and the market expects the Federal Reserve may stop quantitative tightening. The 10-year Treasury yield has returned to 4%, and gold is oscillating around 4100 dollars, with both Goldman Sachs and JPMorgan optimistic about its long-term trend.
Meanwhile, after the CS2 update, the high-end cosmetic synthesis function was opened, causing the cosmetic market index to plummet nearly 70%, with well-known items like the "Butterfly Knife" losing about 80% of their value, triggering panic selling among investors.
Mainstream coins: BTC consolidates waiting for a breakout, ETH shows rebound potential with a triple bottom
Bitcoin is currently consolidating in the range of 104,000 - 112,000 dollars, with a dense "defensive wall" formed on-chain. The options market has seen a record high in open contracts, mainly concentrated in the 120,000 - 140,000 dollar range.
In terms of Ethereum, whales are accelerating their accumulation, and the technical indicators show a "triple bottom" pattern. If it can break through the 4000 dollar resistance level, it may further test 4280 dollars.
Altcoins: Most are at low levels, a few coins and platform coins show unusual movements
Altcoins are still at the low levels of a bear market, with only a few coins like Solana performing relatively well. Recent pre-deposit activities of Stable projects have been questioned for potential "insider trading" issues.
Stimulated by the news of Trump pardoning the founder of Binance, BNB has surged nearly 6% within the day.
Key data and today's outlook
Current key data: Bitcoin price is reported at 111262 dollars, Ethereum at 3974 dollars; the fear and greed index is at 32, still in the "fear" range; the market liquidation amount in 24 hours has reached 247 million dollars.
Today's market focus: The US September CPI data is about to be released, with the market expected value at 3.1%; multiple tokens are set to unlock; mainstream trading platforms like Binance and Coinbase have product updates and maintenance plans.
