Highlights for 4.11
Last night, the CPI data unexpectedly dropped to 2.4%, hitting a four-year low. The Federal Reserve remains deeply concerned about inflation under tariffs, and the inflation report was directly ignored. Without the tariff trade war, the Federal Reserve would have already cut interest rates for the first time this year. Wall Street is no longer buying into it.
In yesterday's early review, it was clearly mentioned that the key support level for the second contract was around 1500. The intraday low was 1470, with the lowest point for the first contract at 785k. This position serves as a support level, and it aligns perfectly with expectations.
BTC's weekly chart has bottomed out and is rebounding, reaching a high of 835. Currently, it is in a range-bound fluctuation. The upper level of 84k belongs to the trapped positions and also serves as a selling pressure area. The overall bearish trend remains strong, making it difficult for Bitcoin to strengthen in the short term. A rebound does not indicate a reversal. Today, pay attention to the upper resistance level of 825k-833k and the lower range of 80-785k.
ETH surged and then fell back, with a large bearish candle closing the daily chart yesterday. It is currently in a fluctuating rebound, and touching the high will lead to further retracement. Overall, it is relatively weak with limited upward momentum. Today, pay attention to the upper resistance of 1580-1630 and the lower range of 1500-1480.
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