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BTC ETH Intraday Double V Reversal
In the morning, BTC and ETH showed strong volume-driven upward movement, with BTC breaking through 92,500 and ETH surpassing 3,170. However, the momentum did not continue, and subsequently BTC retraced to the 90,000 level, while ETH fell back to the 3,090 mark.
Before the US stock market opened in the evening, ETH dipped sharply, and BTC and ETH rose again. However, after reaching resistance levels, they both declined again.
This reflects that the current market is mainly consolidating and clearing leverage through oscillations, still waiting for a clear direction. We need to wait for upcoming CPI and PPI data, as well as recent speeches from multiple Federal Reserve voting members, before the market can finally determine its direction.
#Gate广场创作者新春激励 #BTC #ETH #行情分析
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