BTC pumped nicely after CPI data was released and price should continue rallying should iT break above the current resistance zone. Once it breaks above the zone, we can expect a good rally up to $27k-$28k level. If price fails to break above the resistance zone, any rejection from here will see us go back into the major support zone and we need to hold above $23.5k level for any bullish continuation.

ETH surged through the resistance zone courtesy of the CPI release. And as I mentioned yesterday the breakout was expected. On the 4H it just wicked above it. I want to it break out solidly and have a re-test of the zone and then we continue the bullish trend. Intraday shorts can also come in to the minor support at $1775.

Having found support at the $310 zone and the re-adjusted trendline support. Is still on a bullish momentum and we can see it rally up to $350.

Found support at the $38 – $39 zone and broke through the resistance at $41.5 – $42.9. Currently trading at a major resistance zone and I expect some rejection in price and we’ll see if the just broken resistance zone can act as support.

Price is still trading around the $0.89 – $0.93 zone and the trend remains bullish. I want to see an impulse move away from that zone before making any decision on the directional bias.

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