The daily level Bitcoin has shown an expected rebound. After testing the support level of 108000-106000 and finding it still valid, it will inevitably maintain a range-bound operation to test the upper resistance level. Currently, it has broken the short-term pressure at 109500-110500. As mentioned before, a breakout above 110500 or a breakdown below 106000 will open up space for movement. Yesterday's closing was still below the resistance level, and the current situation remains uncertain; the pressure level is tentatively viewed at 112500. The Ethereum daily level is similar, showing an expected rebound. After testing the support level of 3750 and finding it effective, it has returned to the resistance level near 3980 for testing. A breakout is expected at 4080, and similarly, a breakout above 4270 or a breakdown below 3750 will open up space for movement;

On the 4-hour level, Bitcoin is gradually moving up from a low position with short-term pressure at 111500, a breakout would target around 113000, and support is converted to 110500. Ethereum on the 4-hour chart formed a downward spike and then broke through the short-term pressure level of 3880-3900. Currently, the pressure is at 3980-4080, and the short-term will still maintain a range-bound operation;

The long positions for Bitcoin and Ethereum set up yesterday have also successfully followed the expected trend! The current market trend is relatively strong, and one might consider continuing to buy on dips!

Aggressive short-term trading idea:

Buy Bitcoin at 110000-110500, with a target of 111500-113000, stop loss below 109000;

Buy Ethereum at 3900-3930, with a target of 3980-4080, stop loss below 3850; #加密市场反弹 #CPI数据来袭 #量子计算概念股大涨