Last night, Bitcoin fell again. The lowest point reached around 1056. Currently, the price has reached the recent support point. The rebound on May 9th was from around 105600 all the way up to 110000. The current washout is a typical profit-taking behavior. After the market reached a recent high, some short-term investors chose to lock in profits, especially before and after the announcement of the CPI data, making this profit-taking behavior more apparent.

Currently, the first resistance above is located at 107500 USD, which was the support level before yesterday's plunge and has now turned into resistance. If this level can be broken, it will indicate that the market has regained upward momentum. The next resistance to challenge directly is in the 108000-108500 range, which is not only an area that has been tested multiple times recently without effective breakthrough but also the high point of the rebound on June 9th. During yesterday's significant decline, the RSI formed a bottom divergence phenomenon—prices made new lows while the RSI indicator did not make a corresponding new low, which is usually seen as a precursor to a short-term rebound. On the 4-hour chart, the fast line has crossed below the slow line forming a dead cross, and the histogram has turned negative, indicating a short-term bearish signal. However, the MACD line is still above the zero axis, indicating that the overall trend has not completely turned bearish. If the MACD line can hold the zero axis support and form a golden cross, it will issue a new buy signal.

In the morning, Bitcoin can be bought around 105600-105400, target 107000.

Ethereum can be bought around 2630-2610 in the morning, target 2750#美国加征关税 #美国加征关税 #X平台封号 .