Daily K-line trend analysis: Tonight at 20:30, the U.S. July CPI will be released. The market has cooled down (non-farm data revised down), if CPI falls, interest rate cut expectations will rise (medium to long term bullish); however, there is a risk of 'news bullish → spike → washout' in the short term. #CPI数据来袭
BTC closed with a 'long upper shadow inverted hammer' (daily bearish signal, likely to pull back first). The hourly level of 120,200 is the neck line resistance (hourly neck line pullback level); it is easy to see 'spike and then fall back' around the CPI announcement. Structure tendency: short-term pullback washout → followed by a rise due to interest rate cut expectations.
Ethereum showed strong 'V reversal' last night, but there is a MACD top divergence and death cross signal (momentum weakening), insufficient momentum for continued upward movement (indicator divergence). The pattern is in a 'spreading trumpet' environment (spreading structure typically requires a pullback to gain liquidity before rising) (spreading pattern).
Previous review: ETH 4180 long position: surged +200 points after the U.S. stock market opened, actual profit taken is about +70~80 points. BTC 118,400 long position (public thought 118,500): peaked at 119,250, just short of the 119,300 guidance, not fully hit (50 points off).
BTC resistance levels: 120,200 (hourly neck line + bearish momentum triggered if it pushes up and then drops), 119,300 (yesterday's minor high/short-term liquidity point)
BTC support levels: 116,600 (bullish bat D point, 0.886), 114,600 (third wave major drop target for wave two down + trend line proximity), 113,000 (daily EMA60 dynamic support, bottoming point during extreme data fluctuations) $BTC
ETH resistance levels: 4,420 (secondary major resistance level, preferred resistance level for short sellers) (previous high/local structure resistance), 4,530 (higher major resistance level, resistance if the pattern continues to rise) (1.272~1.618 target zone)
ETH support levels: 4,140 (false breakdown liquidity level under a spreading pattern), 4,040 (the only wave high point SR exchange that hasn't retraced, preferred support), 3,940 (ABCD wave downward + previous high retracement level, secondary support) $ETH
For more detailed point analysis, please watch today's market analysis video, which includes detailed explanations. Follow Aleng to study candlesticks, and let's meet at the peak together! Pay attention so you don't get lost, and get the latest daily point interpretations!
