Analysis of BTC/ETH Ideas on the Morning of August 13

The CPI data released yesterday met market expectations, leading to a strong opening in the US stock market and driving up cryptocurrency prices. A rate cut in September is now almost a foregone conclusion. The US Treasury Secretary publicly stated again that the Federal Reserve should consider a 50 basis point rate cut in September. Following this news, the entire cryptocurrency market surged.

Compared to other mainstream cryptocurrencies, BTC has been particularly stable this time, with prices oscillating around 120000. From the 4-hour perspective, the recently formed bullish engulfing pattern indicates that there will be an upward pull, but it has not yet effectively broken through, mainly because the major funds have flowed into the recently strong-performing ETH. In terms of technical indicators, the KDJ indicator has formed a golden cross and is continuously moving upward, while the MACD bearish energy bars are shrinking, showing a trend of consolidation.

Operation Suggestions:
BTC: 19200 - 119800 range, target around 120500 - 121000
ETH: Around 4570 - 4540, target near 4640 - 4690.