The recently released U.S. inflation data for September was lower than expected, providing support for the Fed's future interest rate cut decisions. This news has fueled market expectations that the Fed may cut rates twice this year, while also increasing expectations for further rate cuts in January next year.

As a result, the cryptocurrency market has experienced a certain degree of volatility. The daily chart of Bitcoin (BTC) shows a two-day bullish trend, but with a noticeable upper shadow, indicating the entry of major funds. Ethereum (ETH) has also shown a similar trend. Given the strong performance of the US stock market, the cryptocurrency market may continue its upward trend in the short term.

In terms of Bitcoin, the current trend shows a rebound after hitting a low. Investors can pay attention to key resistance levels such as 111,600, 113,000, 114,000, and 115,800, as well as support levels at 109,200, 108,200, 107,500, and 106,600. The operational suggestion is to consider going long when there is a pullback to the range of 108,700-109,200, while conservative investors may wait to enter the range of 107,700-108,200, with a stop-loss set around 107,000. The upward target can focus on the range of 110,000-111,000, and after a breakout, the stop-loss can be adjusted upwards.

For Ethereum, consider going long in the range of 3,870-3,900, with a conservative strategy to enter in the range of 3,800-3,830 and a stop-loss around 3,750. The upward target focuses on the range of 3,950-4,000, and if it breaks through, it can continue to look higher.

However, there is still uncertainty in the market. Changes in the international situation may affect the trend of safe-haven assets such as gold, which in turn affects the cryptocurrency market. Investors should closely monitor market trends, operate cautiously, and avoid blindly chasing highs or panic selling.

Overall, the current cryptocurrency market shows a fluctuating upward trend, but has not broken through previous highs, indicating that there is still considerable selling pressure. While investors seize opportunities, they must also pay attention to controlling risk and reasonably setting stop-loss positions.