Weekend short exit of two days, returning to feel that the market's heat remains undiminished. The weekly line just opened, and Bitcoin directly stood at the 120,000 mark. This position is not only a strong signal from a technical perspective but is also expected to drive mainstream coins like Ethereum to continue to hit new highs. The driving force behind this is obvious—the CPI data for this week. If the results are as expected and mild, it will further strengthen the probability of a 25bp rate cut next month, and it may even trigger discussions of a 50bp cut, which is an emotional expectation that most market participants have yet to digest.
Last weekend, Bitcoin performed brilliantly, especially on Saturday, when it began to accelerate the upward trend, pushing the price back into the key range. Ethereum broke through 4,000 as expected, but to refresh the historical high point of 2021, Bitcoin still needs to stabilize at this position and continue to push higher.
From the perspective of intraday trading, holding spot positions is absolutely safe right now, and it is not too late to wait for confirmation of new bullish signals before increasing positions. In this rhythm, the rotation of Bitcoin and Ethereum rising is an ideal state, which usually means that the market cycle is entering a new phase.
However, it should be noted that the current rise does not necessarily drive all altcoins to strengthen, as funding comes more from institutions rather than retail sentiment, so it is important to choose varieties with mid-term sustainability when laying out.
After the Asian market opens, buying pressure remains resolute. If prices are fiercely consolidated at high levels, it will be a key moment to observe the continuation of bullish strength. Last week's performance was perfect, and what needs to be done now is to patiently wait for the next opportunity to act—enjoy the current victory and do not rush to be greedy for more. Tomorrow's CPI data announcement will give everyone direction
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