Wall Street Community Live: Bull Returns Quickly? Follow the live stream to bring you in

Click on the link to enter the meeting: https://meeting.tencent.com/p/6321551049 The overall cryptocurrency market saw a slight increase, mainly driven by favorable macroeconomic data and continuous institutional inflows, which led to a rebound of Bitcoin from around 91k to a fluctuating upward trend in the 92k-95k range (even reaching 96k in some periods). The total market value of the entire market increased by about 1.7% -4.6% 【 1: US CPI data shows moderate performance (core inflation lower than expected) 】 The December CPI annual rate was+2.7% (as expected), while the core CPI was+2.6% (slightly lower than expected). This strengthens market expectations for the Federal Reserve to cut interest rates later this year, leading to a collective rebound in risk assets and direct benefits for cryptocurrencies as high beta assets. 【 2: Strong inflows of Bitcoin/Ethereum spot ETFs 】 On January 13th, the net inflow of US spot BTC ETF was about 754 million US dollars (the highest single day inflow of 351 million US dollars for Fidelity), and the inflow of ETH ETF was also 130 million US dollars. The replenishment of institutional funds is a key force in supporting prices from falling back. 【 3: Technical aspects+market sentiment repair 】 After holding the 90k support, BTC formed a bullish flag shape, coupled with oversold rebound logic, and a large number of short positions were liquidated (especially around 96k). The Fear Greed Index quickly rebounded from extreme fear in the past few days to around neutral (47-48), and the market began to reprice the "risk opening year". Today's rise in cryptocurrency is mainly due to the triple hit of "mild CPI+large inflow of ETFs+recovery of risk appetite", which belongs to a typical macro driven rebound. ETH is currently in the stage of "confirmation of retracement after breakthrough+continued upward testing", with $3300 being the life and death line (holding high, losing and turning into a bearish oscillation), and the key breakthrough point for determining whether to accelerate is above $3360- $3400. ETH core support level: $3200- $3180 → Strong short-term support (long short watershed+early high volume zone), breaking below this level is likely to test the psychological level of $3120- $3080 or even $3000. ETH core pressure level: $3380- $3400 → strong resistance (intraday high point+short-term target area+some MTF confluence), holding onto this position will give more confidence to the bulls. Tonight we will talk about the trend and layout of the market, teach indicators, deviate from techniques, follow the live broadcast room, take you through bull and bear markets, welcome to interact. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.