After the positive news of CPI came out in the evening, the market ushered in a short-term high break. Bitcoin successfully stepped on the 59,000 mark, and Ethereum also broke through 3,200. Stimulated by the news, the market was strong. The large space after the high also showed the resistance of the bears after the market reached the top. At present, Bitcoin has fallen back to around 57,300, and Ethereum is close to 3,100. Sure enough, this short-term trend market affected by the news came and went quickly.
As for the current Bitcoin market, we can see that the upper shadow line is very long after the hourly upward spike. The continuous decline has caused all the upward gains to be lost. The market has gone up and down for a round, but the point is still the starting point. This market is also interesting; the hourly level has now given a continuous negative pattern, and the decline and spike to the edge of the lower track also shows the sentiment of going down to the 57,000 mark, but the attitude of the lower support level is also relatively strong. It is currently in the stage of testing downwards. The market is in the game of long and short positions. In the future, I tend to go up after the market hits the bottom. At midnight, I can continue to operate around the idea of low and long.
Bitcoin: around 57,300-56,800, see 58,500
