1.16 CPI is in line with expectations, and the next target is the lethality of the interest rate decisions on the 29th and 24th. The retracement will continue to go long!
Last night's CPI was quite lethal, and the big cake came back directly. The market did not show the expected sharp correction. It began to strengthen after a small-level correction. Fortunately, at 9:20 yesterday, the minute line was relatively strong, so I opened a long order.
CPI follows the thinking and meets expectations. Traders have become more pressured on the two interest rate cuts this year, but the possibility of a rate cut this year still has certain risks. If the market is unstable, it will have a huge impact on the capital market.
For the time being, we will see that there will not be too many risks starting from next Monday. The retracement is still a market of copycat replenishment. The risk lies in Japan's interest rate hike on the 24th.
BTC daily-4-hour level market analysis
Bitcoin is still bullish at the large level. Yesterday's CPI was in line with expectations, and the market rose in place. There will be a second rebound, but not now. Today, a round of shock correction will be enough.
Bitcoin's upper pressure is around 102500 and 103500. The bottom support cannot be broken through 98500 and continue to rise, so the callback to 98500 can continue to charge steadily.
Analysis of ETH altcoin size level
ETH is weak, but now there are some expectations of strengthening, so there is no need to be too anxious about the market. At least it will ease on Thursday and let the altcoin make up for the rise.
Ethereum supports around 3350 and does not fall below it. It is still a strong rise logic. The upper pressure of the rebound is around 3430, and the bottom support position is around 3350 and 3330. If the upper pressure around 3450 is broken, the key position will be around 3500.
At the end of the year, everyone should pay attention to risks and pay attention to the funds reserved for the New Year. Contracts and leverage should pay attention to risk control capabilities. #BTC重回10万 #核心CPI回落