#美国PPI温和上涨

1.15 Wednesday Strategy Analysis 🔥🔥🔥

Since the beginning of the week, the cryptocurrency price has shown an extremely strong trend.

First, it completed a remarkable V-shaped reversal, and the upward momentum continued yesterday.

In this fierce upward trend, the price quickly climbed, briefly reaching the 97400 level in the short term. It then entered a brief consolidation phase and has currently pulled back to the 96600 area.

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This area has consistently failed to be effectively breached in subsequent tests, forming an important short-term resistance level.

Although the upward movement encountered obstacles here, the bearish forces have not mounted an effective counterattack, and there has been no significant pullback.

The overnight market fluctuation was small, and the price maintained a volatile operation in the high range.

From a daily perspective, although the price previously dipped to the 89200 level, it rebounded sharply and ultimately closed with a large bullish candlestick.

This bullish candlestick is significant, as it not only recovers recent losses but also firmly stands above the middle track. Looking at the 4-hour chart, the price's strong counterattack is very obvious.

After successfully breaking through the upper Bollinger Band, the price continues to maintain volatility at a high level.

This sideways movement replacing a downtrend fully demonstrates that the bearish forces have clearly weakened.

Looking ahead, 97500 will become a key resistance level. Only by successfully breaking through this price level can the price hope to open up new upward space and achieve stronger increases.

Based on this, the morning strategy remains to look for long positions on pullbacks.

Personal trading advice:

Bitcoin: Long around 96400-95900, target near 99000!

Ethereum: Long around 3190-3160, target near 3350!