There are too many messy things happening this week, especially the CPI data, which will trigger investor risk aversion. Many friends are talking about the interest rate meeting in Japan, don't scare yourself. Japan's Interest Rate will be on January 24th, which is unrelated to this week. The CPI is the one that will have an impact this week.

The current US dollar index has reached 110. The general market sentiment is not good. The US stock market has not opened yet. Let's see the reaction of American investors after the market opens. It is estimated that it will not be particularly optimistic. Currently, the futures of the three major US stock indexes are sharply down, so it is normal for #BTC to start hedging now.

A buddy asked me if I still insist on bearish thinking. In fact, I still do. Otherwise, I would have opened a short position directly after selling at $95,000. Although I think the risk aversion is very serious, who knows if there will be a rebound with a good piece of news at this time. So I'm still holding spot honestly. If it falls, I will buy some more, that's it.

This picture I estimate can be used for a while. Just hold on through this week, next Monday is Trump's inauguration, and it's also a holiday for the US stock market. If there is positive sentiment, the probability of it being reflected in cryptocurrencies will be high. But if it's not mentioned at all, I don't know what will happen. However, the transfer of power will inevitably create FOMO sentiment in the market. Today, it has been reported that the new cryptocurrency committee has started operating.

On January 20th, Gary will also officially resign, and the new chairman of the SEC will take office soon. It is very likely that there will be a large number of cryptocurrency ETF applications next, including spot delivery of #BTC 和 ETH and ETH collateral. I still remain optimistic.