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At 8:30 in the evening, the U.S. CPI data was released, and then Bitcoin and Ethereum began to rebound and rise. The rise was not large, but the overall breakout of the upper pressure level was also achieved. It is currently fluctuating sideways near the upper pressure level, and it is expected to continue to rise after stabilizing.
From the four-hour structure, Bitcoin has basically not broken below 28,000 after stabilizing above 28,000, and Ethereum has also broken through the key position of 1865 to 1870. Although the trend is weaker than Bitcoin, the trend is still good.
In addition, the Nasdaq of U.S. stocks opened higher and continued to rise, breaking through the recent high of around 12269. The highest point has now reached 12324. At the same time, the U.S. dollar index fell under pressure above 101.8.
In the short term, Bitcoin and Ethereum will continue to rise. In terms of operation, long orders are placed around 27,900 to 28,000 Bitcoin, with a defense of 27,500 and a target of around 28,800. Long orders are placed around 1,860 to 1,870 Ethereum, with a defense of 1,840 and a target of around 1,910 to 1,930. #BTC #crypto2023 #ETH