BTC:
Yesterday, the trading of flatbread was very slow, and the overall trend had been fluctuating within the range. Until the release of CPI news in the evening, the price of flatbread once again reached a new high, reaching the 73,370 line. However, the price did not stabilize, but fluctuated and fell, reaching the lowest level of 68,600, and then began to rebound and correct. On the short-term hourly disk, the Bollinger Bands opened downward, suggesting that the decline may continue, but the selling pressure has slightly weakened, causing the market to remain in a state of shock. Judging from the 4-hour market, there are obvious signs of rising volume, especially yesterday's two falling K-lines with heavy volume. The latter K-line with a small lower shadow has smaller volume, indicating that the power of shorts has weakened. Although the overall rhythm is slow, the trend has not changed, and the process of testing the shock is still going on, accumulating strength for the subsequent rise and bottoming. The recommendation is still to focus on low and long, with the upper pressure between 73000-74000 and the lower support at 71000-70000.
ETH:
Today is the day for the Ethereum Cancun upgrade, which is very important for retail investors. Past data shows that Ethereum usually experiences a surge after an upgrade, and this second-tier network upgrade is undoubtedly an opportunity to get on board. Even if there is a pin pullback, don't worry too much and you can boldly buy the bottom. Ethereum’s historical high is close to $4,900. In the last hour, Ethereum hit the 3,830 line and then began to rebound. The current price is firmly above $4,000. From the technical structure point of view, the BOLL third line turned downward, the price was running on the middle and upper track, the MACD double line moved upward with a golden cross below the zero axis, the bullish energy column began to increase the volume, and the KDJ third line turned upward. Although there is a certain amount of selling pressure, it has little impact on the current situation. Every pullback is a buying opportunity. This bull market may not have reached the mid-term yet, and the future trend is unpredictable. The upper pressure is at 4100-4200, and the lower support is at 4000-3950.
