Yesterday, on Friday, the CPI data was released, and the market was truly dramatic and full of twists. BTC quickly plunged down to the 76,000 low, then reversed sharply with a strong rally from major players, reaching as high as the 79,800 range; ETH showed even more strength, directly surging to a high of 2,666.
Many traders saw the big jump and blindly chased the rally near 79,000, but later in the night the market swiftly reversed in a classic V-shape drop, falling back to the 76,800 range. One rally of 3,800 points, one dump of 3,000 points—classic back-and-forth movement shaking out retail traders who chase up and sell down. The playbook was textbook.
In fact, every time there’s a liquidation event in the market, it’s not without reason. If you trade based solely on feeling—chasing up when the price rises and shorting when it drops—without a clear plan and logic for entry points, the market will just repeatedly take you out over time.
This week, I guided everyone in real time to read the trend correctly throughout. On Wednesday, we pre-arranged short positions at 79,500 for BTC and 2,510 for ETH; on Thursday, after the PPI retracement, I clearly pointed out to go long at BTC 77,000 and ETH 2,420—first short, then long, with seamless switching. At midnight, I continued to advise setting up long positions at the low range, with plenty of opportunities to buy near 77,000 and 2,500. Those who kept up with the pace enjoyed very comfortable profits on this wave.
My stance has never changed: As long as BTC does not break below 75,000, the bullish structure remains intact. Next week, expectations of a Fed rate cut will continue to build, and the overall bullish trend is unchanged. Trading logic remains the same: Buy briefly on small pullbacks, buy heavily on large pullbacks—every dip is an opportunity.
BTC
Key support below: 77,000, 76,000. Continue to buy in batches near pullback support.
Critical defense: 75,000. If unbroken, do not turn bearish.
Resistance above: 78,000, 79,000, 80,000 in sequence.
ETH
Support below: watch 2,500 and 2,450. Take light positions based on support to try low-entry longs.
Resistance on rebound: 2,550, 2,600, 2,650.
Never chase the price after a rally. When the market surges, take profits at higher levels and reduce position size to guard against pullbacks; when the market drops, buy back decisively at key support levels. Have your own trading logic and don’t get carried away by market sentiment. Only in this way can you consistently make steady gains amid volatility.
