Overnight, the three major U.S. stock indexes closed with mixed results, with the Nasdaq rising by 0.03%, the S&P 500 falling by 0.27%, and the Dow Jones falling by 0.5%. Intel surged over 7%, reaching a new closing high since December last year; Tesla also rose by over 2%, ending a five-day fall on the daily candlestick chart. The crypto market saw a broad-based rebound, with both long and short positions being cleared in the futures market. Coupled with last night's release of the CPI data, the January CPI rose by 3% year-on-year, exceeding the estimated 2.9% and the previous 2.9%; the January CPI rose by 0.5% month-on-month, surpassing the estimated 0.3% and the previous 0.4%. Contrary to the expectations of many 'experts,' it is now quite clear whether there will be an interest rate cut in the future. Much unfavorable information has been largely digested, and after a pullback in depth, a significant rebound in the market will follow!

Bulls welcomed a strong Rebound in the midnight market. After probing the low point of 94000 last night, Bitcoin showed signs of Rebound, reaching a high point of 98080 in the early morning today. It retraced all the fall gains, briefly faced pressure near the upper range in the early morning, pulled up for two consecutive days but failed to break through the upper range strongly, and the volume pace slowed down in the short term. Bulls also ushered in a phase of high, with a lot of room for rise. The current daily candlestick faces resistance from the upper moving average, possibly entering a transitional correction period in the short term. It remains to be seen whether to continue to push higher or face pressure for a pullback. Therefore, it is not advisable to chase high excessively at this time. It is necessary to learn to adjust timely layout according to the market rhythm during the trading day. In the future, attention will still be paid to the resistance above. If not broken, there may be a bearish retracement. The first resistance, followed by the wide range upper limit, has been under pressure for multiple days!

Ethereum touched the 2546 level last night and started to Rebound. The bulls were particularly strong in the midnight, currently facing pressure at the 2794 level. Entering the stage of rising and falling, in the pullback market, combined with the situation of the candlestick chart, the trading volume and volatility are weak. The trend is still suppressed by the moving average, and it is currently difficult to have breakthrough volume to rise again. After a slight release of upward space on the hourly level, there is a pullback expectation.