#CPI数据来袭

The fluctuations in the cryptocurrency market are the norm, just like the rise and fall of ocean waves, showcasing the grandeur of the sea. Every pullback is a preparation for the next leap. Stay calm, analyze rationally, and do not be swayed by short-term fluctuations; only then can you hold the key to future wealth. On Thursday morning, Bitcoin experienced a relatively strong dip, with the price sliding from a high of 103820 down to a low of 102074. Ethereum moved in sync with Bitcoin, with the price falling from a morning high of 2647 to a low of 2559. The bearish outlook provided by Sheng Ge in the morning was fulfilled as expected. The Bitcoin short position set up in the morning was entered near 103779 and exited near 102416, yielding a profit of 1350 points. The Ethereum short position entered near 2639 and was exited near 2568, capturing 71 points of profit.

Based on the current market situation, from a four-hour perspective, the price is showing a stepwise decline towards the upper boundary of the Bollinger Bands. The bearish sentiment is quite strong, but the MACD indicator's fast and slow lines are still operating above the zero line at this level, indicating an increased probability of a market pullback. From a one-hour perspective, the price has broken down through the lower boundary of the Bollinger Bands, but the strong support at the 102000 level makes it difficult for the bears to maintain downward momentum. Additionally, both K and J values of the KDJ indicator have entered the oversold zone, so in the afternoon, we anticipate a bullish rebound after a pullback.

Bitcoin can be bought near 102000, targeting 103500.

Ethereum can be bought near 2530, targeting 2650.