July 16, #CPI数据来袭 7 Early Morning Trading Ideas

BTC Good evening everyone! Tonight the CPI data is coming, and the volatility is quite large, Ethereum is very impressive, the 1-hour level keeps taking out both long and short positions. I mentioned during my livestream at noon to go long at 2930, and now there is already a profit of 100 points. Bitcoin seems unable to go down, while Ethereum is trying to rise but is being controlled by Bitcoin! It's quite frustrating!

Back to the market, Bitcoin is currently undergoing a 4-hour level rebound, with resistance levels ahead at 118500, 119300, and 120000! Bitcoin can only see stronger bullish momentum if it breaks through and stabilizes above 120000! If the 4-hour level rebound fails to break above 118500, then the market will continue to look for a correction, with support levels at 116500, 115200, and around 113800, waiting for long positions to enter!

ETH Ethereum is very strong, can't short it at all, and has broken through the key level of 3000! If it pulls back to 3000 on the 4-hour level and doesn't break, then long positions can be entered! Resistance levels ahead at 3067, 3115, and around 3148! Continue to wait to enter short positions! If the 4-hour level falls below 3000, then the market will continue to look for a correction, with support levels at 2950, 2930, and 2900! Only if it falls below 2900 will the bearish strength be significant!

SOL Solana also pulled back to around 157 today, and is currently at a resistance level. If it doesn't break below 160 on the 4-hour level pullback, then the market will continue to rebound, with resistance levels at 163, 165, and 170 ahead! Short positions should be cautious about entering! If the 4-hour level pullback breaks below 160, the market will continue to correct, with support levels at 158, 155, and 150! Long positions should be cautious about entering!