$BTC 513BTC/ETH Market Viewpoint:

Yesterday was definitely a bullish day, where the bulls were smiling and the bears were crying. The tides have turned. Zhongliang's long positions were stopped out yesterday due to a significant pullback, and he manually exited the positions, withdrawing the midnight long positions. When uncertain and lacking confidence, he opts for early stop-losses, raises the white flag, and does not gamble or hold on. This is Zhongliang's consistent style; he is never a perpetual profit blogger and never makes excuses when wrong. He simply doesn't mention losses!

Bitcoin's lowest pullback was 100600, after which it began to recover and rebound. In the morning, it peaked at 103000 but then faced pressure and pulled back again. Today's daily closing is particularly important; if it closes with a bearish candle and breaks below BBI, it could easily test the Bollinger middle band around 97500. If it closes bullish, then yesterday's pullback could be considered over, and we may see a volatile upward trend. Looking intra-day, the focus is on pullbacks, primarily considering high short positions while observing support levels below.

The upper resistance for Bitcoin is at 103000 and 104000; short positions can be considered around here, with targets looking down at 101500, 100500, and 99500.

For Ethereum, the upper resistance to watch is at 2450, 2480, and 2520; short positions can be referenced around these levels, with targets looking down at 2420, 2380, and 2350.

The above is just a personal opinion; investment carries risks, and caution is advised when entering the market! #CPI data will be released#