Long positions continue to profit.

The analysis at noon showed that the Bitcoin price hovered around 109500, suggesting to enter long positions when it retraced to the 1088-1092 range, with the actual minimum touching 10895. In the evening, the CPI data was released lower than expected, leading to a positive shift in market sentiment, providing support for the digital currency market, and the price quickly surged to around 1099. After a strong opening, the U.S. stock market did not retreat, but instead stabilized around 109200 and continued to rise slowly, eventually reaching the 110350 area.

Ethereum has shown stronger performance compared to Bitcoin, with recent momentum being robust, breaking through new highs powerfully like a fierce tiger to the 2856 level.

From the 4-hour candlestick analysis, Bitcoin and Ethereum still maintain upward momentum. It is recommended to reduce positions after holding a base position at the 1000-1200 level, and continue to pay attention to the performance after breaking through the 110600-110700 range. If a successful breakthrough occurs, it may challenge the resistance level at 111500, and a breakout could potentially create new highs.