Yesterday, Bitcoin's Baipan Hangqing trend was flat after a round of declines. However, since the release of the CPI data in the evening, the price of the currency has been like a wild horse, and it has been advancing all the way until the price rose to the 93,300 area, and a new historical high has been reached again. The overnight currency price fell back to around 88,000 after being blocked. It has now rebounded to above 90,000 again, and the bullish trend remains unchanged.

As far as the current market trend is concerned, the consistently strong market is afraid of rising and falling, while the weak market is afraid of bottoming out and rising. However, after several waves of corrections yesterday, the currency price bottomed out and rebounded twice, indicating that the decline could not withstand the increase and rebounded repeatedly. The new high in one go in the evening is a strong performance. The four-hour chart has continued to fall and rebound, and it is poised to rise again. The hourly chart can also recover after a continuous decline, and the decline is not continuous. The overall trend is still strong. I am still optimistic about the bulls during the day, and the retracement is a more ideal rhythm and direction.

Operation suggestions

Bitcoin can be bought around 89,500 on Thursday morning, with the target at 92,000

Ethereum can be bought between 3160 and 3180, with the target at 3350