#美国核心物价涨幅不及市场预估 Bitcoin and Ethereum January 17 Midday Market Analysis: The current market is still oscillating within a range, with prices testing support and resistance levels repeatedly. There is a lack of clear breakout signals in the short term. From a technical perspective, the Bollinger Bands have contracted, indicating low volatility. Prices are running along the middle band, and the market is in a state of equilibrium. But the issue is— the moving average system is in a bearish alignment, and the long-term trend remains weak. Although prices have temporarily broken through the short-term moving averages, they haven't established a true trend continuation. This is a classic case of "trend versus price confrontation."

Currently, the US core CPI is below expectations, and market sentiment has eased. Considering this is a range-bound market, resistance is clearly around 95,536.9. Plus, with Bollinger Bands in a low-volatility state, the best strategy is to sell near resistance when prices rally. The afternoon trading idea is: enter short positions when prices rebound below resistance.

Specifically:

**Bitcoin**: The 95,500-96,000 range is the main observation zone. Rebounds to this level can be used to enter short positions. Watch support levels at 95,000-94,500.

**Ethereum**: Rebounds around 3,300-3,320 can be used to enter positions. Keep an eye on the lower support at 3,260-3,230.

The rhythm still favors waiting for a rebound; avoid blindly catching the bottom.