CPI data will be released tonight, are you ready?

Currently, Bitcoin and Ethereum have been showing consecutive bullish candles, indicating a short-term bullish trend. However, selling pressure above has prevented a breakthrough at resistance levels, resulting in a state of consolidation. Key moving averages provide support, and bullish momentum remains. MACD momentum is weakening but the overall trend is still bullish, KDJ is tending towards recovery, and RSI is neutral to bullish, with bulls slightly having the advantage. If key resistance levels can be broken in the future, a new round of upward movement is expected. Pay close attention to market changes after the data is released.

For today, the focus continues to be on buying the dips. Bitcoin continues to watch for a breakthrough and a stable hold above the 110,000 mark, with support around 1,065. For Ethereum, resistance is at 2,820, with support around 2,745.

Short-term operations:

Bitcoin is trading around 1,089-1,094, targeting upward at 1,101-1,106.

Ethereum is trading around 2,725-2,765 to go long, targeting upward at 2,810-2,850. #看懂K线 #以太坊生态回暖 #币安钱包TGE #BTC #ETH $BTC $ETH $XRP