The three major US stock indexes rose and fell at the close, with the Nasdaq falling by 0.23%, the S&P 500 rising by 0.11%, and the Dow Jones Industrial Average rising by 0.52%. Most large technology stocks fell, with the US December PPI year-on-year rise of 3.3%, lower than the estimated 3.5% and the previous value of 3%; the month-on-month rise of 0.2%, lower than the estimated 0.4% and the previous value of 0.4%. This triggered a rebound in the crypto market, and tonight at 21:30, the world will focus on the US December CPI data and 24-year annual inflation data, which may trigger a new round of market volatility and provide clearer guidance for the path of US interest rate cuts this year. At that time, it will also cause significant fluctuations in the crypto market.

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At the beginning of the week, Bitcoin experienced a round of falls and then made a V-shaped rebound. The intraday formed a continued breakthrough, with the highest reaching near 97300. In the early morning, the current fluctuation was small, and the lowest level also quickly rebounded to around 96500 after reaching 95300. In the daily trend, after a short-term exploration of the bottom with a negative needle, it quickly rebounded, and the intraday continued to break through the middle track's suppression. The magnitude of the rise is still greater than the fall, indicating a clear change in rhythm. In the short term, the continuation of the rise is still favored. Currently, the 4-hour chart also shows a continuous upward trend, followed by a retracement and adjustment, but the fall intensity is relatively weak. The short-term upward trend is evident, and the retracement and adjustment will continue to be positive. The 4-hour chart structure: The candlestick sharply fell, probing the bottom with a wick, and a large number of long positions were liquidated, followed by a rapid rebound, forming a V-shaped pattern. It can be seen that the bottom has been formed, and next, let's look forward to the continued efforts of the bulls to drive the price up.
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The trend of Ethereum is in sync with Bitcoin. It also gradually rises from a relatively low position, reaching a high point of 3255, and then experiences a pullback. Finally, it pulls back to around 3170 and initiates a small rebound as the bottom. Currently, it is running around 3230. From the perspective of 1-hour to 4-hour timeframes, it can be observed that the higher support levels are moving up, but the center of gravity of the candlestick is slightly decreasing. From a structural analysis, there is a possibility of further contraction and adjustment. After the rise in the market, a certain short-term support has formed in the local area. In terms of operation, pay attention to breaking through this suppression zone to open up a new rising section, or wait for a rebound when it retraces to the support level within the original fluctuation range.