The weekend homework is a bit easy.

CN
Phyrex
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1 month ago

The weekend's homework is a bit superficial. Today, a lot of time was spent on organizing information about the California wildfires. In fact, I also feel that not many friends are concerned about the wildfires, but there are indeed many questions in the comments section. Since there wasn't much going on over the weekend, I thought I would write a bit. As a result, I ended up writing quite a lot. Many friends might wonder why I need to write several hundred or even a thousand words when I could just express it in a few lines. Am I overdoing it?

I just reflected on this and fed the content about the wildfires to ChatGPT to see if it could summarize it in brief. After reading the full text, I found that the summary was understandable, but if someone only looks at the summary without reading the original text, they might miss many details. Of course, the final result of these details is the same, but interestingly, when I asked GPT if there were any areas for improvement, it thought my writing was not comprehensive enough and that many points should be elaborated through more details.

I've thought a lot about this issue of "a lot of unnecessary words." I wondered if it could be changed, but I found it couldn't. It's like the lengthy proof of 1 + 1 = 2 in Whitehead and Russell's work "Principia Mathematica," which spans tens of thousands of words. Many friends just want to know that 2 is the answer, but they don't care how 2 is derived. However, if we don't understand how we arrived at 2, it might make our future research more difficult.

So I think I might as well let it be. If you find my writing too long and don't read it, I guess if I wrote it shorter, you might still not read it. What I can do now is to put the results at the very beginning.

Looking back at the data for #BTC itself, the weekend has been extremely dull, as mentioned on Friday and reiterated on Saturday. By Monday morning, with the opening of U.S. stock futures and CME, volatility may gradually increase. The focus will still be on the market movements after the U.S. stock market opens on Monday night. This Wednesday is the CPI data release. To be honest, I don't think the CPI data is that important, as the number of interest rate cuts in 2025 is already set. A couple of inflation data points are unlikely to change the Federal Reserve's mind.

However, the market will definitely not be so rational. There should be speculation and hedging regarding the CPI, which may have some impact on the price of #Bitcoin. If hedging is necessary, it should be done by Tuesday at the latest. From the current market estimates, inflation may rise slightly, but if inflation equals the previous value or decreases, it would also help market sentiment.

The current support remains very solid, with the fluctuation zone around $95,000 mentioned for almost a month now, and no new developments have been seen. Expectations for the first quarter will still focus on the power transition.

The data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

This post is sponsored by @ApeXProtocolCN | Dex With ApeX

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