From an hourly perspective, Bitcoin encountered resistance and retraced after breaking 119,000, but the pullback did not develop into a significant downward trend. Bears failed to effectively expand, while bulls gradually reclaimed lost ground. The market is intertwined with both bullish and bearish forces around this price level. Bears could not take this opportunity to form a sustained downward momentum, while bulls still maintain upward momentum, supporting further price increases.

In contrast, Ethereum's trend is distinctly different, with a continuously strong bullish trend pushing the market upward, gradually breaking through the upper Bollinger Band. From the MACD indicator, the fast line and slow line have formed a golden cross and are moving upward, indicating that bullish strength is increasing. The market trend aligns with the technical indicators, further proving that bulls dominate the market. If bullish strength continues in the short term, the market may continue its upward trend.

Afternoon operation suggestions:

1️⃣ Consider going long on Bitcoin in the 118,600-118,300 range, target 121,000

2️⃣ Consider going long on Ethereum in the 4,260-4,230 range, target 4,400

Maintain the strategy of buying on pullbacks and continue executing the morning plan. $BTC $ETH #CPI数据来袭 #BTC重返12万 #ETH突破4300