Yesterday, BTC's market was affected by CPI data and the Federal Reserve's interest rate meeting. BTC's market rose briefly and hit a high of $70,000. This shows that CPI data is good news for BTC, because it may mean that inflationary pressure has eased, which is beneficial to the digital currency market.

The subsequent Federal Reserve interest rate meeting and Powell's speech had an adverse impact on the market. The Federal Reserve kept interest rates unchanged and lowered expectations for interest rate cuts, which led to a setback in market confidence and a reversal of BTC's market.

Market reversal: The positive effects of the original CPI data were completely offset, and the BTC price fell in a short period of time, forming a relatively obvious bearish signal. The current support level is $67,000 and $66,000.

Resistance level: BTC's resistance level is currently at $68,550 and $69,200. Sellers' pressure may increase, making it difficult for BTC prices to continue to rise.

ETH is similar to BTC, and ETH has also experienced synchronous adjustments. ETH's main support level is $3,420, while the resistance level is $3,600.

Given the recent volatility of the market and the frequent occurrence of good and bad news, the market recommends that retail investors wait and see. The altcoin sector also followed the mainstream and pulled back synchronously, with large fluctuations. The value of crv tokens plummeted by more than 34% due to liquidation, which also had a negative impact on the entire market.

Currently, the digital currency markets such as BTC and ETH are in an unstable state, and are subject to large fluctuations due to various factors. Wait and see first, and make further decisions after the market stabilizes.