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Recently, the cryptocurrency market has shown a clear trend of differentiation. Bitcoin ( BTC ) experienced a brief rebound after the Consumer Price Index ( CPI ) data was released, with the current price oscillating around 120400 dollars. However, due to a significant decrease in volume, the upside potential for prices is limited. Technically, the bearish arrangement still dominates, indicating that the market's downside risk has not been completely eliminated.
At the same time, Ethereum ( ETH ) has performed excellently, with prices continuously reaching new highs. This is mainly due to a favorable policy environment, inflows of capital, and the thriving development of the ecosystem. From a technical analysis perspective, the MACD indicator on the 4-hour candlestick chart shows that the bulls are in control; however, the RSI indicator has entered the overbought zone, and a divergence between volume and price has occurred, which may face adjustment pressure in the short term. Nevertheless, the short-term moving averages still maintain an upward trend.
For traders, it is recommended to consider shorting near the 120400 USD level for Bitcoin, with a target price around 120100 USD. As for Ethereum, look for long opportunities near the 4580 USD level, with a target price around 4800 USD.
It is worth noting that the cryptocurrency market has always been highly volatile, and investors should act cautiously and manage risks appropriately. At the same time, closely monitor market dynamics, changes in regulatory policies, and macroeconomic factors, as these can significantly impact the prices of digital assets.