Technical analysis: Bitcoin (Big Cake)

According to the speeches of Fed Chairman Powell and Board Member Cook, the Fed is optimistic about inflation, and it is expected that the CPI forecast value tonight will drop to 3.1%. #btc70k

Yesterday, Bitcoin fell after rising to 59,500, and stepped back on the daily seven-day moving average in the evening. It has already started to attack this morning.

From the perspective of K-line layout, there is a lot of selling pressure in the 60,000 to 61,000 range. It is recommended to look for lows to rebound during intraday operations, but it is not recommended to chase more or expect a reversal.

The lower support is around 57,200.

Ethereum (Ether Cake):

Affected by the listing of the July spot Ethereum ETF, Ethereum has shown a strong trend and has risen for four consecutive trading days. #ETH大涨

On the daily chart, the upper resistance is between 3190 and 3260, while the lower support is between 3040 and 3000. #美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币

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