PPI data and CPI data are about to be released, is the oscillating pattern coming to an end? Is a new round of storm approaching?

CN
8 hours ago

The fluctuations in the cryptocurrency market are like the waves in a turbulent sea, making people feel anxious. However, its charm lies in the fact that it never looks at your past report card. Stop saying "I'll enter the market when it stabilizes"; opportunities in the crypto world never lie in "stability." The real dividends always belong to those who dare to position themselves amid uncertainty. Market volatility is not a risk; not understanding the trend is the biggest risk.

Bitcoin is currently priced at $112,500, in a range-bound pattern, with prices fluctuating repeatedly in the key support and resistance zone between $110,000 and $113,000.

From a technical perspective, the moving average system shows a bullish arrangement, and a golden cross signal has appeared, indicating that there is still some upward momentum. However, trading volume has significantly shrunk, creating a divergence between volume and price, which limits further upward movement. The daily chart has shown several consecutive bullish candles, with market sentiment leaning strong. The 2-hour K-line shows gradually rising lows and continuously moving highs, indicating a short-term upward trend, but the current price level is relatively high, so caution is needed regarding the risk of a pullback.

Operational range: Focus on whether $113,500 can be broken. If the upper level of $113,500 continues to exert pressure, consider entering in batches in the $113,500-$114,000 range, targeting $111,000.

Ethereum is quoted at $4,340, also in a range-bound pattern, repeatedly consolidating between strong support at $4,060 and strong resistance at $4,540. Trading volume has significantly shrunk, and the market currently lacks a clear direction.

The daily chart shows a consolidation closing within the $4,270-$4,380 range, with most periods closing above the opening price, giving a slight advantage to the bulls. The 2-hour chart shows a rebound trend, with the MACD indicator forming a golden cross at the 2-hour level, releasing a short-term bullish signal. The EMA short-term moving average support is effective, and the medium-term trend remains strong.

Operational range: Consider lightly shorting near $4,420-$4,380, targeting $4,330-$4,280.

Due to the time-sensitive nature of price points, there may be delays in post reviews; specific operations should be based on real-time market conditions. The above operational range analysis is for reference only. The cryptocurrency market is highly risky, so please manage your risk well and make cautious decisions when investing. If you are interested in specific indicator analysis or the impact of new market dynamics on prices, feel free to scan the QR code for the public account in the article below. You are welcome to visit.

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