On Wednesday, CPI data shows inflation rising, initially going long then short during the day.

Although yesterday's CPI data met expectations, it still fell short, with overall inflation rising compared to the previous value. As a result, expectations for interest rate cuts have weakened, and Bitcoin remains under pressure, dropping to a low of around 115,600 USD. Currently, there are signs of a rebound, and the intraday strategy is to go long first and then short.

From a technical structure perspective, the daily line continues to close lower, but the trading volume is somewhat lacking. In the short term, it still presents a back-and-forth pattern. In the four-hour chart, the bulls are facing resistance at 118500. During the Asian and European sessions, we will first follow the trend and go long. If it goes up without breaking the 120,000 mark, we will consider shorting later, keeping the levels in mind while the trend follows.

Ethereum has had an independent market this week, with a step-like upward surge. The current price is around 3150, showing a relatively strong pattern. Be cautious with short positions in the short term; if it slightly pulls back without breaking 3100, it could be a good time to go long. The short position should be placed after the US market opens.

Bitcoin: Long in the 116800-117200 range, target around 119500, short if it doesn't break 120000.

Ethereum: Long in the 3090-3110 range, target around 3230, short if it doesn't break 3250.

Today's ideas are for your reference only. Friends who are not satisfied with their own operations can join our Kan Zhuang group. Wishing everyone smooth sailing. #CPI数据来袭