Today, I was almost too tired to do my homework, but thinking about the things I can persist in doing every day, I decided not to give up easily. I can write a little less, but I should try not to interrupt. In fact, I spent almost all my time today organizing the #Bitcoin strategic reserves of various states in the U.S. I didn't look too closely at the market, but I vaguely saw that the price of BTC is still fluctuating around the support level. The focus today should be on the PPI.

Although I didn't have time to report on the PPI data, it seems that the data is still good. I also looked at Nick's opinion that there is a downward trend in the data that will affect the core PCE in the PPI data, which may make the core PCE look less inflated than the CPI. This is also a positive sign, and the core PCE data will not be released until February 28, with no overly important data in between.

Additionally, there was a speech by Trump today. I glanced at it, and it was pretty good, aligning with my expectations from yesterday. Trump is pushing for an end to the Russia-Ukraine war, and if it can be resolved quickly, it would greatly help with inflation in the U.S. I wrote a related article yesterday, and those interested can check it out. I know tariffs are a thorn in everyone's side, and Trump is currently very tough on tariffs. However, it seems that there has been a readjustment of tariffs with Europe, and the reciprocal tariffs are expected to start on April 1, which doesn't seem to be a big issue.

During Trump's speech, the dollar index was almost about to break below 107, which is a good thing. U.S. stocks also rose nicely, and $Coin gapped up at the open, likely due to expectations of good earnings reports. Thinking about this made me frustrated; yesterday I considered swapping part of my $MSTR for Coin and even announced this idea, but I was too lazy to act and wanted to wait until today. I just remembered and saw that Coin's price has already reacted to the expectations. Sigh, I missed the opportunity to make money; it was really foolish.

Looking back at the #BTC data, it really is entering a garbage time. The turnover rate on weekdays, not even the weekend, has already dropped to the level of last weekend. One can imagine how the current sentiment of investors is. A decrease in turnover rate indicates that more investors are uninterested in the current market, neither wanting to buy nor sell, and the number of short-term investors is decreasing. This is a standard garbage market, and those trading in short-term ranges should have decent returns.

It's hard to say how long this situation will last, but if there is no momentum in the first quarter, it may become more difficult later on. Of course, Trump also mentioned in his speech today that interest rates will be lowered. I wonder if he has reached some agreement with the Federal Reserve. If so, the dot plot in March could explain it well.

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

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