The Fed's news is a tug-of-war between doves and hawks. The recent two months of increases have been happening in the early morning. The price of Bitcoin reached a high of 112,000 but faced resistance and retraced. Currently, there has not been an effective breakthrough above, and if it fails to stabilize at the 111,000 level, there is a high probability it will retrace further before continuing to rise!
From an hourly perspective, the trend is showing continuous upward movement, with trading volume surging. Currently, there has been a slight pullback of around a thousand points, and market sentiment is quite intense. The US stock market has surged strongly, and the KDJ indicator is gradually forming a death cross at a high level. Subsequent operations should focus on high positions!
Bitcoin: around 112,000-111,500
Looking down: 110,000-109,000
Ethereum: around 2,790-2,770
Looking down: 2,700-2,630
