January 15th BTC/ETH:

Last night's December CPI data came in at 2.7%, below expectations. Federal Reserve officials' comments suggest a reason for rate cuts, which is a typical scenario of weakening employment pushing the pace of rate cuts. Meanwhile, the US dollar's high position has declined, leading to capital flowing back into the crypto market and driving this round of gains! As for the current bull rally, it might be a bit premature; uncertainty about the Federal Reserve chairperson and policy direction prevents sustained price increases.

BTC
Last night's surge just reached the daily pressure level of 9790. Currently, the four-hour chart shows decreasing volume with a possible correction. Support levels for the pullback are at 9460-9320. Breaking below 9460 would end the four-hour rebound, and falling below 9320 could trigger a daily-level correction. Pay attention to these two levels; in the short term, focus on the higher side.

Around the 9690-9740 range, with support at 9820, targets are 9570-9460. A break below could lead to a further decline toward 9320.

ETH
Range-bound between 3335-3356, with support at 3408. Targets are 3272-3226. A break below could lead to a decline toward 3170.

Short-term trading should be flexible and adaptable based on your own position. $BTC #GateTradFi上线