Wednesday Market Overview:

From the 1-hour K-line chart, the bullish pattern remains solid. The high-level consolidation after the price breakout is just a normal shakeout in a strong trend and does not indicate a reversal signal. The bullish channel remains intact, with the upper band slightly flattening but still strong. Short-term moving averages are trending upward together; during pullbacks, focus on the support strength at the moving averages and the midline resonance zone. The MACD remains in a golden cross above the zero line, and the shrinking red bars indicate a healthy correction rhythm—volume expansion during upward moves and volume contraction during pullbacks. This trend characteristic fully aligns with the retracement pattern of a strong trend. Last night's performance fully met expectations!

Considering the upcoming release of US CPI data, the short-term focus is on:

$BTC: Support is around 94500-95000, with targets looking toward the 96100-96900 range.

$ETH: Support is near 3280-3300, with key resistance at 3350-3380.