Market analysis on the morning of February 13
From the current market, after the deep correction caused by last night's news, the short-selling momentum has been effectively released, the market has begun to rebound and turn into a bullish rhythm, and the overall pull-up of more than 4,000 points has been completed, showing a strong upward momentum.
On the hourly chart, the upper track of the Bollinger Band is open, and the price moves up along the upper track. Despite repeated attempts to break through the upper track, it has never been able to stand firmly on it. However, the power of the bulls has not weakened, and the market sentiment is still bullish.
After the release of last night's CPI data, the price received support and rebounded on the lower track of the daily line, successfully breaking through the 4-hour middle track suppression, and returning to above 98,000. The market is currently showing a strong bullish pattern.
Therefore, today's operation strategy is still mainly based on retracement and long positions, while appropriately considering high altitudes.
Operation suggestions:
Bitcoin: Go long in the 96500-97000 range, with a target of 98500-99500 Ethereum: Go long in the 2680-2700 range, with a target of around 2800
