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Examining yesterday's cryptocurrency price trend, the market did not show a one-sided pattern, with both bulls and bears taking turns to exert effort, resulting in an extremely tense situation. As the saying goes, "Laymen watch the excitement, insiders watch the doorway," during most periods, the trend appears to maintain an upward momentum, but upon closer inspection, the current price still hovers around the increase point from yesterday, with the hourly chart more clearly outlining an M-shaped pattern.
It is worth noting that the CPI data will be released tonight, and this key indicator could become a turning point for the market. Based on comprehensive analysis, today may be a good opportunity for the bears to strike back. In terms of strategy, it is recommended to focus on high-position long positions with a cautious approach.
Bitcoin: Range around 70,300-71,000, with a downside target of 69,300-68,300
Ethereum: Range around 2,050-2,100, with a downside target of 2,000-1,900