CPI data will be released tonight, in line with expectations, likely leading to interest rate cuts, with market expectations remaining unchanged.
Ethereum Analysis
No misplacement of images, Ethereum is currently synchronized with Bitcoin, with similar patterns. The same second pullback, the same slight hourly divergence, and similar box patterns. The difference is that the support level given last night at 3525 was hit, almost the lowest point for a rebound [旺柴]. Let's mention the levels directly, the upper resistance level is 3783. Ethereum will likely test the upper edge of the box again; for those who haven't entered, you can consider entering on a breakout and retest of 3783. If it breaks and holds above, it indicates a true rebound, with the next target around 4040.
SOL's performance today is still very bright; it shouldn't be said to be weak over the past two days. The 210 level given yesterday was also hit, and currently, SOL's daily performance is stronger than Bitcoin and Ethereum. The MACD shows a clear turning point, with bearish momentum weakening. The retail chips above 200 for SOL have mostly been cleared. Whether it can follow in the footsteps of the two big brothers to test the previous highs again depends on the subsequent rebound. The current box is between 210-245, with a slow line from Vegas suppressing on the fifteen-minute chart. If it can't break above, consider re-entering if it retests near the fast line at 220 without breaking down. If it breaks through, we can first look at 235 and 245.
Bitcoin and Ethereum have confirmed a breakout from the box, consider entering again on a retest of the support level to avoid false breakouts. SOL can be considered for entry once it breaks through the resistance level of the Vegas channel tonight; if it falls below 220, it's time to exit. That's all for now, watching the market has been tiring, preparing to retreat.
