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This week's market has seen significant volatility, mainly influenced by PPI, CPI, and the number of unemployment claims for the week. Overall, Bitcoin has been dominated by bulls this week, oscillating around 111,000 at the beginning of the week. After waiting for Thursday's news, with favorable PPI data, Bitcoin experienced a sharp decline of over 3,000 points, then bottomed out at 110,800 and began to rebound, with bulls pushing around 111,000. Following that, on Friday, the CPI data was released, meeting expectations. After a drop of nearly 1,000 points, the bottom stabilized at 114,800 and began to gradually break through the resistance at 115,500, finally breaking to around 116,600. A correction then began. Ethereum stabilized around 4,300 at the beginning of the week, and the bulls erupted, almost moving upward in a straight line from 4,300 to 4,768 before starting to correct to the current level of around 4,660. Despite the wild fluctuations this week, the overall trend and key technical levels confirm the bullish dominance, with Bitcoin successfully holding above the critical support level of 110,800 USD, converting the important resistance at 115,500 USD into a new support platform, establishing a solid foundation for upward movement. Ethereum's performance has been even stronger, showcasing robust buying momentum with its one-sided upward movement starting from 4,300 USD.

Specific Performance of Bitcoin and Ethereum Bitcoin initially fell and then rose after the data was released, effectively breaking through the 115500 resistance level on Friday and reaching a high of 116600, with its pullback being a healthy technical correction. Ethereum nearly rose unilaterally to 4768 USD, and the current consolidation around 4660 is to digest short-term profit-taking. 4300 USD has become a strong support starting point on a weekly level, and the overall upward channel remains intact. Market Outlook and Operational Ideas The technical aspect shows that the market structure is still biased towards bullish. As long as Bitcoin can hold above 115500 USD and Ethereum can maintain the 4600 USD support area, the upward trend is expected to continue. In the future, pay close attention to Bitcoin's breakthrough of 116600 USD and Ethereum's breakthrough of the previous high of 4768 USD. A successful break will further open up space towards higher targets, and it is recommended to primarily buy on dips after a pullback.

Bitcoin strategy: Buy in the range of 115000-115500, target 117300, stop loss 114500
Ethereum Outlook: Buy in the range of 4600-4640, target 4700, stop loss 4580 #加密市场反弹#