April 10th BTC/ETH:

PCE and CPI data higher than expected, will Black Friday cause Bitcoin to plummet?

Recent market movements closely follow the turbulence in the Middle East, with a temporary ceasefire agreement between the US and Iran in place. Last night, Iran started causing trouble again. Tonight's blockbuster report will feature: March PCE and CPI data release. March CPI is expected at 3.4%, higher than February's 2.4%. Core CPI for March is expected at 2.7%, up from February's 2.5%. Due to the US-Iran Z dispute and energy fluctuations impacting the economy, the higher-than-expected data has led to rate cuts and cooling measures. US bond yields have increased, putting pressure on stocks and cryptocurrencies, facing downside risks.

BTC
The current price is in a clear upward trend, but trading volume is extremely thin, forming a divergence between price and volume. The sustainability of the rise is questionable, mainly driven by hype. During the day, watch for a pullback to support levels at 7,150-7,040. If it breaks below 7,040, the head-and-shoulders pattern will be completely invalidated. Keep a light position and stay alert.

Around the 7,240-7,280 range, with a defense at 7,370. Target below 7,150-7,040, with a potential drop to 6,920 if broken.

ETH
Around the 2,234-2,256 range, with a defense at 2,298. Target below 2,160, with a potential drop to 2,110 if broken.

Short-term trading should be flexible and adjusted according to your own position! $BTC #加密市场回升