Tonight's CPI data combined with the weekly close, plus the ongoing Middle East situation, has kept risk aversion sentiment supporting the market. It all depends on whether we can sustain the upward momentum. Previously, the market didn't move much after the data was released. Currently, this sideways range is critical, with both bulls and bears waiting for a direction.

Yesterday's market movement was pretty much as we expected. We mentioned before the market opened that 69,500 is the key level for a pullback, and it's also a good entry point for short-term longs. After testing the bottom, the rebound was stronger than anticipated. Once it broke through 71,500 and then pulled back, all within our forecast. On Ethereum, buy orders are holding at 1970, with daily support from the pullback volume. The rebound signal is very clear, with long positions around the triangle area near 2000, which later extended to 2088. All intraday longs have been taken profit on.

In the big picture, this slight pullback is not a trend reversal; it's just a normal correction during a rebound. Many traders are struggling to turn this corner. In a medium-term bullish outlook, they go short during rallies and chase longs during corrections, claiming to follow the trend, but their actions are actually against it.

Bitcoin touched the 4-hour MA256 moving average and slightly pulled back. In the short term, focus on the 70,500 resistance. If it can hold this zone, don’t think about shorting. The intraday small-scale oscillation is pulling back, but technically, a rebound is still supported, and there’s a chance for another push on the weekly chart.

Bitcoin trading plan: Buy in batches around 69,000, control your position size. Look for resistance at 70,500-71,500. If it breaks through 71,500, target 72,600-73,500. If the range breaks, exit decisively.

Ethereum trading plan: Buy in batches around 2,000. First target 2,050-2,080. If it stabilizes above 2,100, then watch the daily resistance at 2,150.