From the current market perspective, the CPI data released yesterday brought positive news, and the US stock market successfully rose in after-hours trading. Ethereum reached a new high again, and Bitcoin also touched the 110,000 mark. However, the evening market is under pressure at high levels, and the current trend is in a recovery state. Nevertheless, the support level at 107,500 has not been effectively broken, so there is still a chance for recovery.

On the four-hour level, the resistance point above is under significant pressure, and the recovery has reached the bottom support. As long as 107,500 is not broken, there is a high probability that the trend will continue and keep testing the strength of the resistance above; once the support level is broken, a reverse trade can be made. The subsequent operation suggestion is to focus on low long positions.

Bitcoin at the 107,500 level aims for targets of 109,000-110,000.

Ethereum at the 2,740 level aims for targets of 2,800-2,870.