On Friday, this wave of sharp declines was quick, precise, and ruthless. CPI showed a slight rebound, so continue to short.

Last night, the global financial markets once again staged a midnight horror show. US stocks, gold and silver, and cryptocurrencies all collapsed across the board. Bitcoin dropped to around 65,000. Our short-selling strategy was fully realized. Although the target was not as expected, we still gained a good profit margin.

Tonight at 9:30, the CPI data will be released. It is likely to follow the pattern of non-farm payrolls, rising first and then falling. So today's strategy is simple: continue to short on rebounds. Watch the overnight high of around 68,300 as a resistance level, which was also yesterday’s opening dip point. Short near this area.

Bitcoin: Suggest shorting in the 68,000-68,300 range, with a target of 65,000, and a break below 63,600.

Ethereum: Short in the 2000-2030 range, with a target of 1880, and a break below 1750.

Every day before the New Year is an opportunity to buy the dip. Long-term trend trading, taking profits on both ends in the short term. As long as you control your position size, it’s like picking up free money. Do you agree? The Spring Festival doesn’t close, Lao Xiao is always here.