Wednesday, good morning on a new day!

Yesterday, after Bitcoin's price bounced back from a pullback, it fluctuated and rebounded, returning above 104,000 during the early hours. Our recommendation for a long position has come to fruition as expected. Currently, although the price continues to consolidate around 104,000, the resistance area at 105,000 has not been broken, and there is still a possibility of a pullback under pressure; do not chase high prices!

On the daily chart, the candlestick is likely to close positive, basically recovering most of the previous decline, and bullish sentiment is warming up again. The highest price during the early hours rebounded to around 104,900, and the bearish sentiment has been basically digested. On the 4-hour chart, the price is maintaining its position in the upper-middle track. Overnight, the price fluctuated little, basically in a small range of oscillation, but the price has returned above the 5-day and 10-day moving averages. The short-term trend is clearly dominated by oscillation leaning towards long positions. In the morning outlook, as long as the price can maintain above 103,000, there is still strength for an upward attack!

On Wednesday morning, Bitcoin continues to reference the 103,000 line for low entries on long positions, with the upper focus on the 105,000 line, and then the previous high near 108,000. As for Ethereum, during the early hours, the bulls strongly broke the high, reaching a maximum of around 2,740. Currently, there is a slight pullback, and the pattern is relatively strong. In the morning, after testing the 2,600-2,650 area, continue to go long, with the target unchanged at 2,800! #CPI数据来袭