Last night, as soon as the CPI data was released, the market started to stir. This inflation data is not high, and the market immediately expects the Federal Reserve to cut interest rates in April. After the dollar weakened, risk assets like Bitcoin and Ethereum saw a surge of capital.

In the early morning, Bitcoin broke through 93,000 and soared all the way to 96,000. The rally was fierce, but the selling pressure at high levels came quickly, and it soon retreated to around 95,200 for consolidation. Essentially, this is profit-taking and capital rotation. Short-term support is at 93,000-94,500, resistance at 96,000-96,500. As long as 93,000 is not broken, the trend remains bullish; avoid blindly chasing highs.

Ethereum also rose accordingly, with the trend turning stronger but not breaking last December's high. Selling pressure still exists, with support at 3,200-3,280 and resistance at 3,360-3,400. In the short term, a correction is likely.

Additionally, Trump is still pressuring the Federal Reserve, leading to policy uncertainties. The market is experiencing rapid rises and falls, with clear tug-of-war between bulls and bears. Currently, focus on risk control and avoid chasing high prices.