The recently released US February CPI data shows that the year-on-year increase has dropped to 2.8%, reaching a new low in nearly four years, with core CPI falling to 3.1%. Upon the release of this data, the cryptocurrency market reacted immediately, with prices soaring. Bitcoin successfully broke through the $84,000 mark, and Ethereum also reclaimed the $2,000 level. Meanwhile, US stock futures and gold prices also rose simultaneously.

From a daily perspective, the previous downward trend has been engulfed by bullish forces, and the price of Bitcoin has formed a two consecutive bullish candlestick structure. On an hourly basis, since reaching $76,500, Bitcoin's price has been in a continuous upward movement, with moving averages showing an upward divergence. However, the current price is hovering near the previous day's turning point, indicating that there is some resistance at this level. Therefore, tonight's strategy can first adopt a high short approach to seize the opportunity for price retracement. Observing the recent market trends during the US trading session, it can be found that the price movement generally shows a pattern of falling first and then rising, mainly due to the significant impact of market sentiment during this period. Especially with the US stock market continuously declining recently, it is on the brink of a bear market, and market panic sentiment is strong. In this case, evening trading can still revolve around a high short strategy.

​Bitcoin: 82,500-83,000 short, target around 80,000

​Ethereum: 1,890-1,920 short, target around 1,800 #比特币 #比特币走势分析