Going with the flow is a very simple principle in the cryptocurrency world, yet it is the hardest method to implement

Afternoon Analysis: The overall trend of Bitcoin on the daily chart continues to remain in a channel of upward fluctuations, currently in the adjustment phase after the third stage of the rise, with prices nearing the densely traded area around historical highs. It is important to note that recently in the entire market, Bitcoin is in a high-level fluctuation, while altcoins have collectively corrected by about 20%. This combination of signals indicates a decrease in market risk appetite, with capital flowing back from altcoins to Bitcoin for risk aversion. If this sideways period lasts too long, and trading volume remains low, it can easily form a topping signal. Looking at the 4-hour chart, yesterday rebounded near Tuesday's low, with the market fluctuating in the 105-101 range. If it doesn't break, it won't establish a new trend; if it breaks and then establishes, we won’t overly concern ourselves with the direction of rises and falls, but will wait for the market to choose its direction. In today's operations, the key pressure to watch above is at the 1048-1058 positions, while the key support to focus on below is at the 1015-1005 positions!
Second Coin: On the daily chart, the half-year line (purple line) is clearly suppressing the price, with a rebound after a high on the previous day, and yesterday continued to test the daily 7-day moving average support for a rebound. Currently, the K-line is above the moving average support level, and the overall upward momentum has entered a rounded top state, with the daily trend awaiting a phased adjustment. Looking at the 4-hour chart, after a recent new high, it presents a slight downward trend of small fluctuations and rebounds, with the rebound highs gradually decreasing. In today's operations, the key pressure to watch above is at the 2600-2640 positions, while the key support to focus on below is at the 2510-2480 positions. #美国PPI数据来袭