The CPI data was positive last night, and the price rose sharply. Powell's speech in the second half of the night indicated that the date of the interest rate cut is still to be considered and needs more observation. It also indicated that there may be only one interest rate cut this year. The price of Bitcoin and Ethereum fell again.

From the overall trend, the price was affected by the positive CPI data last night, and continued to rise in the evening, and finally hit a high point in the early morning. With Powell's speech, the price was frustrated again. In fact, it is the impact of the expectation of interest rate cut on the market.

The interest rate cut is a foregone conclusion. It's just that when and how much it will be cut will have an impact on the current market trend. When the interest rate cut comes is the key to the start of the bull market!

So in terms of the thinking within the day, we can see that the Ethereum daily level has initially completed the recovery. After the price fell to a strong support level the day before yesterday, the price continued to rise. The second bottoming out yesterday morning also failed to hit a low point again. Initially, the possibility of rising within the day is still relatively large!

During the day, you can pay attention to the short-term support below and try to open more. The short-term support of Bitcoin is 68000, 67300, and 66800. The short-term suppression above is the four-hour MA7 moving average of 68300. Here, the white market can break through and stabilize. Short-term long orders can participate. The upper suppression is 68800-69500!

Ethereum can pay attention to the short-term support of 3545, 3510, and 3480. The upper suppression is 3580-3620. In the white market, you can pay attention to the short-term support strength and continue to try to open more. If the lower track of the daily line is not broken, the bulls will be able to usher in a turnaround!

Bitcoin defends 500 points, and Ethereum defends 40 points!