Latest market data shows that Bitcoin continues to operate within a rising channel, demonstrating strong long positions momentum. In the 4-hour BOLL, the middle band continues to rise, with prices stabilizing above it, while the upper band expands simultaneously, highlighting the long positions-dominated market pattern.

Although there was a brief drop after the CPI data was released, the bears failed to form an effective breakthrough. The price quickly rebounded and returned to the high range for fluctuations, indicating that the long positions still have strong support. Currently, there are no obvious reversal signals in the short-term trend.

For Bitcoin, it is recommended to look for entry opportunities in the range of 113,500 to 114,000, with a target set at 115,000 to 115,500. If this range is broken, you can further pay attention to the 117,000 level.

On the Ethereum side, consider establishing long positions around 4350 to 4380, with target prices of 4500 to 4600.

It is worth noting that with the release of CPI data, the market's expectations for a possible interest rate cut by the Federal Reserve have warmed. This macro factor may have an indirect impact on the cryptocurrency market, and investors should remain vigilant and closely monitor relevant economic indicators and policy changes.

Overall, the current cryptocurrency market shows a relatively optimistic trend, but investors still need to operate cautiously and manage risks appropriately.