Market Sentiment:
Chart Analysis:
Bitcoin (BTC):
The structure of BTC on the 1-hour chart is still oscillating within this consolidation zone. The overall trend has seen minimal fluctuations, but one indicator looks promising - the OBV is continuously rising, indicating ongoing capital inflow without outflows. This means that the funds from the position between 25,600 and 26,400 in the last period have not been withdrawn. It is expected that there will be a good performance before or after the CPI next week.
The structure of BTC on the 15-minute chart shows an ascending triangle consolidation, with very low liquidity at present, especially with liquidity drying up over the weekend. There is little movement, and personally, I expect oscillation, with limited upward potential. However, it's worth observing the market for significant fluctuations around the release of the CPI.
Ethereum (ETH):
The structure of ETH on the 1-hour chart is relatively weaker compared to BTC. From the perspective of OBV, it's clear that ETH is not performing as well as BTC. ETH is still in a follow-up state, with liquidity concentrated on BTC, resulting in lower volatility for ETH. However, lower liquidity makes ETH more susceptible to market manipulation. Therefore, the price fluctuations of ETH may be larger compared to BTC. With less liquidity, the depth of the market will decrease, leading to greater volatility.
Trading Strategy:
Exercise caution in investment. This article does not serve as a basis for trading decisions.
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