Last night's CPI data was favorable, Bitcoin briefly surged to 110300 before encountering resistance and falling back, entering a range around 108300; Ethereum reached a high of 2880 before a significant pullback, stabilizing around 2770 after dropping below 2750.
From the 4-hour trend view, the upward trend line support is strong, and the overall bullish pattern remains intact. However, the Bollinger Bands are tightening, indicating that market volatility is narrowing, with both bullish and bearish forces temporarily at a standstill, soon to face a directional breakout.
Trading suggestions:
Bitcoin pullback: range of 107500-108000, target 109500
Ethereum pullback: range of 2740-2760, target 2785
Note: Market volatility is intense, the above strategies are for reference only, and trading should be flexibly adjusted based on real-time trends.
