Tonight's CPI data has an impact on the cryptocurrency market, especially on the two projects WIF and ORDI.
For WIF, although the price once rose to $2.8, it then pulled back to around $2.2, which was the support level on October 6. The price has now rebounded to $2.533, an increase of 13%. In the short term, WIF may test the resistance level of $2.44-2.45. If the price falls below $2.2, it may fall further to $2.0. Investors should pay close attention to the price performance near $2.2, which will be a key level to judge future trends.
For ORDI, from the hourly chart, the price is close to the key support level of $32. If this level can stabilize, it may usher in an upward trend. If the price can break through the resistance level of $33.5, it may bring a bullish trend, with the upper pressure level at $35. However, if the price fails to break through $33.5, the market may continue to fluctuate and fall.
Investors should be cautious in their operations, pay close attention to market dynamics, and adjust their strategies in time according to market conditions. At the same time, pay attention to risk management and set stop loss positions reasonably to control potential risks.