Weekend Market Brief

Since the positive CPI data was released last Friday, Bitcoin has rebounded strongly and retreated back to the 70,000 level. The overall trend remains within a range, with oscillations back and forth. Currently, there are signs of further upward pressure, but avoid chasing highs, as the resistance in the previous high area is strong, repeatedly testing but not breaking through. Blindly chasing the rally could easily result in getting caught at the top.

We still maintain a high-positioning strategy. The first quarter of 2026 is likely to see this kind of oscillating pattern of jumps and dips. As for when a new sustained downtrend might emerge, we can only wait and observe. In the short term, closely monitor the breakouts of 70,500 and 65,000. A breakout above these levels could be a signal to consider shorting again at 72,000. For Ethereum, follow the same logic, watching for strong resistance at 2,150 to short.

During the Spring Festival, such large-range oscillations and pinning are inevitable, so everyone should watch more and act less. Be sure to manage risk carefully. #美国核心CPI创四年新低