Due to the impact of yesterday evening's CPI data, the price of cryptocurrency strongly broke through the 100,000 mark in the early hours, reaching a high of 101,880. It then experienced a slight pullback. Ethereum also began to gain momentum along with Bitcoin, reaching a high of 3,846 in the early hours. The bullish outlook we provided at midnight yesterday has also been successfully validated, with strategies being publicly shared in real-time across the network.

Currently, the bullish trend is leveraging the CPI data to stabilize and break through short-term pressure, with the daily candlestick forming a large bullish line, recovering all losses from the previous two trading days and establishing a breakthrough, stabilizing above the 100,000 mark. Meanwhile, the 4-hour candlestick chart has formed a V-shaped reversal pattern with consecutive bullish candles. After a series of strong bullish movements, there has not been a significant pullback so far, indicating that the short-term correction is basically over, and the bulls remain strong. In the early session, or rather, it is highly likely that this wave of bullish sentiment will continue to rise, testing the top resistance. However, given the significant upward movement in the short term, caution is warranted as the price may undergo a pullback adjustment. Therefore, in the morning strategy, if there is a pullback space, one may consider entering long positions and continue to watch for the bulls to extend!

Trading Suggestions

Go long on Bitcoin at 100,500-100,800 with a target of 102,500.

Go long on Ethereum around 3,800 with a target of 3,900.

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