Yueying: Bitcoin and Ethereum Market Analysis (February 13th) - Will CPI Accelerate Price Movements and Lead to a Rebound After a Second Test? (Short-Term Outlook Included)

Looking at the daily chart for Bitcoin, after last night's data release, there was a period of consolidation, but the range was limited, around $3000. The previous candlestick was resisted near the 7-day moving average and closed lower. Intraday, the price opened higher and tested the 7-day moving average again. The Bollinger Bands are trending downwards but showing signs of narrowing, while short-term moving averages are turning upwards. The MACD fast and slow lines are extending downwards but showing signs of turning upwards, with the volume bars continuing to shrink. The KDJ indicator has turned upwards again, and the VR indicator is consolidating around the 50 value. On the 4-hour chart, the price found support near the lower Bollinger Band and rebounded to test the middle Bollinger Band. The Bollinger Bands are narrowing, short-term moving averages are slightly upwards, the MACD fast and slow lines are crossing upwards with slightly increasing volume, the KDJ is crossing upwards, and the VR indicator is consolidating around the 90 value. Overall, although the price found support, the resistance above remains effective. Currently, the upper Bollinger Band and the 60-day moving average on the 4-hour chart are important short-term levels. If the price cannot break through and stabilize, it will continue to test the lower Bollinger Band on the 4-hour chart. A break below this level would target the support around $63,000. Friday's CPI data release suggests continued short-term volatility and the risk of further downward movement. Bitcoin short-term suggestion: Short at 69800, Long at 66000 (or Long at 63800). Ethereum's daily and 4-hour technical indicators are correlated with Bitcoin's, with support and resistance levels consistent with the above. A new support level is added for long positions. Continue to watch the 2100 level; a break and hold above this level would likely lead to a continued upward rebound. Support is around 1800; a false break below this level followed by a recovery suggests a second test and a potential rebound. A break below the previous low increases the probability of a new low. This strategy needs close monitoring in the short term. Ethereum short-term suggestion: Short at 2058, Long at 1888 (or Long at 1828). (For more cryptocurrency analysis, click the image to see the homepage introduction.)