10.13 Inner Pancake Ether Thoughts

Time flies especially fast, and it's already Friday. The market can be seen to have been oscillating within a narrow range near 26540 in the early hours of yesterday for two consecutive days. After the release of the CPI data yesterday, although it indicated bearish news, it was only 0.1 higher than expected, and the market did not show much change. The data release only caused a 100-point needle, and then it fell to near 26550 and rebounded. At present, it is still in the stage of oscillating at the bottom, all for laying the foundation for the future. Personally, I still see it as bullish.

Looking at the 4-hour chart of the market, after the needle probe in the early hours of yesterday, it rebounded and formed a shooting star candlestick. The market has been running at the lower level of the lower track for a long time. The MACD lines are gradually starting to turn and are about to form a golden cross. The K-line has formed three consecutive positive candles. Looking at the current green VOL energy column, it is gradually forming. I still see a bullish extension for the day.

Bitcoin 26700-26600, long, looking at near 27450

Ethereum 1530-1520, long, looking at near 1590

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