2.14

Last night, the CPI data was below expectations, which was a positive signal. Combined with the non-farm payroll data from a few days ago, it ensured the resilience of the U.S. economy and increased expectations for the Federal Reserve to cut interest rates. The market rebounded as expected. With this sentiment entering the holiday, the upcoming mood should be better. Additionally, the Supreme Court announced today that the opinion on Trump's tariffs will be on February 20th; we will see the specific outcome.

BTC
As the year-end approaches, historical data shows that aside from the Spring Festival in 2025, which saw a decline, other Spring Festivals have experienced rebounds. Will 2026 follow the same pattern? We can look forward to it. After a long period of correction, Bitcoin is currently experiencing wide-range fluctuations at this level. In recent days, there haven't been any major updates, and the market is repairing as expected. At this position, it will continue to oscillate around the right side, and we need to monitor the 4-hour and daily levels. On the daily chart, watch the upward rebound strength; after the rebound, it may form a divergence at the daily level, which could trigger a relatively strong rebound. Currently, on the 4-hour chart, pay attention to the resistance of the moving averages above and the zero line. I personally believe this market will mainly oscillate and repair through rebounds. The key support level during this period is at 66,500; breaking this level would be detrimental to the trend. During the Spring Festival days, watch the resistance around 72,000 to 74,000, with support at 68,000-66,500, and resistance at 70,000-71,600.

ETH
Ethereum is similar. From the current position, considering Bitcoin's logic, the situation is the same. On the daily chart, the focus is on repairing the relationship between the main chart and the auxiliary chart. It will also oscillate to the right, and after that, it may continue downward. Additionally, pay attention to whether the 4-hour level can sustain a bullish continuation. Overall, this position will oscillate to the right or rebound upward to repair the relationships. However, the strength of this rebound is unlikely to be significant. Support is at 2000-1930, with resistance at 2090-2230.