7.12 Early Morning Market Insights

With CPI lower than expected, the market rose 1,000 points again. The bulls rushed forward with unstoppable momentum. After breaking through the resistance, it reached the highest level of 59,780, but it was only a flash in the pan. After a small adjustment, it fell back to around 57,000.

From the 4-hour chart, we can see that Bitcoin bulls formed support on the middle track and then extended the middle and upper tracks all the way up. After closing two consecutive positive lines, the K-line rose on the resistance level of 58,500. As expected, it immediately fell back below 58,500 and formed support at 57,000. In the future, it can rely on the breakthrough of the 57,500 support level to enter more. The various attached indicators formed a cross and ran smoothly, and the moving average also began to close, indicating that there is insufficient space in the future market. The early morning retracement is more!

Bitcoin is trading at 57000-57500 in the early morning, with a target of around 60000!

Ether is trading at 3100-3110 in the early morning, with a target of around 3200!#美国6月CPI大幅降温 #BTC走势预测 #ETH大涨