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During the late night hours, the cryptocurrency market experienced significant fluctuations. Influenced by the CPI (Consumer Price Index) data, both Bitcoin and Ethereum showed varying degrees of upward trends. However, whether this surge can be sustained remains a matter worth our in-depth consideration.
Market trends often follow the basic principle of rising first and then falling, so investors need to remain cautious. Blindly chasing after rises may bring risks; a wiser approach is to look for suitable resistance levels for operations.
For Bitcoin, it is recommended to pay attention to the resistance in the range of 1200-1205 USD, with expectations of a possible drop to around 1190 USD. As for Ethereum, one can observe the resistance in the range of 4480-4510 USD, with a target price of around 4400 USD.
In such a market environment, investors should remain calm, carefully analyze market trends, and avoid emotional decision-making. At the same time, they should also pay attention to more macro factors that influence the encryption currency market, such as the global economic situation, regulatory policy changes, etc., in order to make a more comprehensive and rational investment judgment.
Overall, the cryptocurrency market is still full of opportunities and challenges. Investors need to continuously learn and adapt, seeking balance amid volatility in order to achieve long-term gains in this rapidly evolving field.