# The afternoon market did not provide too much of a pullback, and the market fluctuated around 94800 before breaking out and rising sharply. The current market has broken through the resistance at 97000, and the bulls have reclaimed some recent losses from the bears during the day. The rise of Ether has recovered to 3250. Our intraday trading strategy of going long was executed as expected, with the Bitcoin long position established around 94800 during lunch, exiting when the market rose to around 96400, securing a profit of over 1500 points. Ether, on the other hand, struggled to establish a long position at the 3131 level in the morning, and the market rose to around 3230 before exiting with a profit of 100 points. I've often mentioned that as long as there are no significant bearish data coming in, the bullish trend will not simply come to an end. It's important to grasp the pace of the market, especially for the year-end movements.
In the current market, the daily structure has broken through the mid-track resistance with a strong bullish candlestick, and the recent three consecutive doji candles are a sign of market consolidation. Looking at the strong performance of the bulls, the current market is focused on whether it can break and stabilize above the moving average MA30. On the smaller time frame, the 4-hour chart shows the market experiencing six consecutive rising candles. The market has broken through the lower track and reclaimed the upper track's resistance. The current strength has not seen much of a pullback, with the main force providing upward pressure. Given the recent significant drop in the US stock market, a pullback is likely to come to an end. The US stock market is unlikely to continue opening lower, so there’s no need for excessive concern that the market will experience a deep pullback with both bulls and bears washing out each other. The CPI data is scheduled for tomorrow night, so don’t prepare too early; before the data comes out, no one knows what the results will be. In the evening, it’s still advisable to maintain positions and continue buying on dips.
Bitcoin can be bought between 96000-96300, with a target around 98500. Ether can be bought between 3220-3180, with a target around 3320. #市场反弹预测 #哪些代币逆势上涨? $ETH $BTC #美国CPI数据即将公布