#BTC重回10万

1.16 CPI meets expectations, the next targets are the 29th and 24th interest rate decisions, after a pullback continue to go long!

Last night's CPI had a strong impact, Bitcoin came back directly, and the market did not experience the significant pullback we anticipated. After a small-scale pullback, it started to strengthen again. Fortunately, at 9:20 yesterday, I saw that the minute chart was relatively strong and opened a long position.

CPI followed the expected path. Traders are weighing the possibility of two rate cuts this year, which has made the stakes heavier. However, the possibility of rate cuts this year still carries certain risks. If the market is unstable, it will have a huge impact on the capital market.

For now, we can see that there won't be much risk starting next Monday. The pullbacks are still just a recovery of the altcoin market, with the risk lying in Japan's interest rate hike on the 24th.

BTC Daily - 4 Hour Level Market Analysis

The larger trend for Bitcoin is still bullish. Yesterday's CPI met expectations, and the market rose accordingly. There will be a second wave of upward movement, but not right now; today is just for a round of fluctuations and pullbacks.

Bitcoin's upper resistance is around 102,500 and 103,500, with bottom support at 98,500. As long as it doesn't break below 98,500, the upward trend can continue, so a pullback to 98,500 can still support a stable advance.

ETH Altcoin Large and Small Level Analysis

- ETH is weak, but there are some expectations of strengthening now, so there's no need to rush the market; at least let the altcoins recover a bit by Thursday.

- Ethereum's support remains strong as long as it doesn't fall below 3,350. The upward resistance is around 3,430, with bottom support levels at 3,350 and 3,330. If the upper resistance at 3,450 is broken, the key level will approach 3,500.

As the year comes to a close, everyone should pay attention to risks and ensure they reserve funds for the New Year. Both contracts and leverage require attention to risk control capabilities.