Morning Analysis

Bitcoin has successfully stood on the strong resistance zone of $120,000–$122,000, but attention needs to be paid to whether the neckline of the double top at $122,056–$123,181 can be effectively broken. The key support has moved up to $118,000–$119,800. If this level is lost, it may fall back to $114,300–$116,000. If the daily line closes firmly at $122,000, the medium-term target can be seen at $125,500 → $130,000; otherwise, if it rises and falls back, it may form a "false breakthrough" trap.

Trading suggestions: Long position: Wait for the pullback to $118,500–$119,5000 and then stabilize to arrange, target $120,000-$122,500, stop loss below $118,000. Short position: If it quickly rises to $122,500–$123,000 and encounters resistance, you can short, target $120,000 → $118,000, stop loss $122,000.

Ethereum broke through the resistance zone of $4450–$4550, but faces the historical high resistance of $4600–$4800. The 4-hour chart shows that the upward trend will break through. If it stands firm at $4500, the next target is $4800 → $5000; otherwise, if it falls below $4450, it may fall back to $4300–$4350.

Trading suggestions: Long position: Light position at the current price of $4550–$4600 (stop loss $4500), target $4800 → $5000. Or hang more at $4350–$4400 (stop loss $4300), target $4600. Short position: If the strong resistance of $4800 encounters resistance and the 4-hour RSI is >75, you can short, target $4500 → $4400, stop loss above $4850.$ETH #CPI数据来袭 $BTC