In the early session, Bitcoin first made a short-term surge, briefly touching the 103,000 mark before being pushed down, hitting a low around 101,400 before stopping the decline. After that, it gradually climbed up through fluctuations. When the CPI data was released in the evening, the market briefly surged, but it didn't last long before being pushed back down. However, the bears didn't keep up with the rhythm, and later, driven by news, the bulls regained their footing and fluctuated back to around 104,000. In contrast, Ethereum steadily climbed in the evening, showing a one-sided upward trend, and after fluctuating up to 2,600, it encountered resistance and entered high-level fluctuations.

From a daily chart perspective, Bitcoin once again hit the upper Bollinger band, closing with a long lower shadow bullish candle, indicating a strong trend, but it has also entered a high-level consolidation zone. The surge this morning clearly lacked continuation momentum, and there are still expectations for a pullback in the short term. Although there have been three consecutive bullish candles on the 4-hour chart, the pace is slow, and it was only due to favorable news that the price was pulled back to fluctuate near the middle Bollinger band. Now it has reached a key resistance level, and the market outlook is unclear, but in the short term, there seems to be a continuation of bullish momentum.

Bitcoin is bullish near 103,500, with attention on around 105,000 above. Ethereum is strongly rising, with a subsequent expectation for a catch-up to buy between 2,560-2,580, targeting around 2,800.