Last night, BTC first dropped and then surged, with a rapid rebound. The structure provided by the market is also quite good, still leaning towards a strong oscillation rhythm. Ethereum performed extremely strongly, with robust support around 1480~1500; it couldn't drop further and surged directly, even hitting around 1520 at one point last night, with a very clear structure.
Why did it rise so sharply yesterday? There are mainly two factors:
Technical Aspect: Yesterday, several mainstream coins like ETH and BTC oscillated near the lower support, and the bears couldn't push down, instead accumulating rebound momentum.
News: Trump announced a 90-day suspension of certain tariff measures against China. Although it doesn't have much direct impact on exports, the US stock market rose, and market sentiment drove BTC to follow the rise.
As for short-term, the resistance for Ethereum that I drew for everyone last night is in the 1480~1500 range, with 1520 being the final defense line. As long as it breaks through, don't hesitate, brothers, just go with the trend and chase the rise! Wasn't it very precise yesterday? First, it surged up, then it dropped briefly, hitting the 1480 I mentioned, and then shot up—if you still dare not go long at such a position, you really missed out.
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Why can it rise? It's simple; the technical side already had probing actions, and then the news complemented it. Trump is stirring things up again, suspending tariffs for 90 days. Although it doesn't do much for China, the market's sentiment immediately surged!
[Current BTC Market Rhythm]
Overall, BTC is still in a strong oscillation rhythm. This morning's structure was quite clear, showing a slight pullback after a surge, which is quite convoluted. If it continues to surge strongly in the short term, refer to the pressure level of 83100~83500; once it breaks through, the possibility of testing 85000 again opens up.
If the high-level oscillation continues at this position, it is likely to directly fluctuate after the CPI data is released tonight; operations should still pay attention to avoiding periods of news volatility.
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[Next Steps] (Short-term focus)
There hasn't been much change in strategy these past few days: focusing on short positions, with long positions as support.
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If the CPI data tonight doesn't have much impact, it is likely to continue oscillating within the range.
We are currently at a high level, so I do not recommend chasing the rise for now.
You can continue to wait for the price to test the lower boundary of the range again, such as the 80300~80600 area. If it doesn't break, you can try to make a short long; the support below is around 78800.
If it surges again to the 83100 level, you can try to make a short position to guard against a pullback.
Keep operations flexible, don't hold too heavy a position overall, especially when the CPI data is released tonight; be careful of sudden surges or crashes in the market.
[Technical Indicator Observation]
From a structural perspective, BTC has created a rebound rhythm in an oscillation structure.
Although there was a pullback after last night's surge, overall there hasn't been a significant drop, indicating that market sentiment is still relatively bullish.
Currently, the market is in a phase of reduced volume oscillation and pullback repair; it is possible that there will be further surges in the afternoon.
But also note: the CPI data at 20:30 tonight is the biggest variable for today's market!
📉 Technical Indicator Observation:
The MACD golden cross continues, but the momentum bar is shrinking, and the rebound strength is weakening.
KDJ is flat at high levels and requires adjustment.
The RSI indicator is gradually declining, and there are signs of shrinking volume.
The TD indicator has shown a phase-top signal; be cautious of short-term pullbacks.
📌 To summarize the key points shared today
The current BTC trend is characterized by a strong oscillation structure.
I do not recommend chasing the rise; it's safer to go long near the support during pullbacks.
The upper resistance is in the 83100~83500 range; whether it can break through depends on tonight's data.
The support below is around the 80300~80600 range.
The CPI will be announced at 20:30 tonight, which is the biggest risk event of the day; it is recommended to control risks.
The above is my personal view on BTC market sharing at noon today; the data is for reference only, and do not blindly follow. Strategies need to be flexibly adjusted according to your own risk control capabilities.
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