Today's Market Analysis
$BTC Yesterday, Bitcoin rose slightly after the CPI data was released, reached a resistance level, and then fell back down. Currently, it is hovering around 103780. Compared to Ethereum, Bitcoin indeed had little fluctuation yesterday, after all, Ethereum broke a new high yesterday. Today, pay attention to the support level at 103000. As long as it does not fall below this level in 4 hours, it proves that the bulls are still present.
$ETH After the CPI data was released yesterday, market sentiment for Ethereum was directly ignited, plus there was fuel for the bulls the day before. It also broke a new high again in the early morning. After Ethereum surged 200 points, altcoins followed closely. However, with Bitcoin not breaking much, Ethereum's 200-point surge is very unusual. Be aware that the next cleanup of the bulls may be more severe!
Currently, it is not recommended to chase highs. If there is no particularly good position, do not blindly enter a long position!
Today, pay attention to whether it can stabilize at the 2620 position in 4 hours. If it stabilizes, it will continue to rise; otherwise, the opposite is true. The upper pressure levels are at 2695 and 2738.
Intraday focus: PEOPLE 1000SATS BOME
