The CPI data released by the usa Department of Labor for October shows a year-on-year increase of 2.6% in CPI and a core CPI increase of 3.3%, both in line with market expectations. This data supports expectations for the Federal Reserve to continue lowering interest rates in December, leading to market fluctuations.

Following the release of the inflation data, the price of bitcoin briefly surpassed $93,000 in the early hours of the 14th, reaching a peak of $93,263.

This wave of increase reflects the market's positive response to interest rate cut expectations, but was quickly followed by a pullback due to selling pressure, with bitcoin's price retreating to around $88,000. Currently, it is hovering around $89,828.

Mainstream Market Analysis

Market Review from Yesterday

Yesterday, BTC continued to rise, briefly breaking through $93,000, then quickly retracting. Recently, BTC has had significant volatility, with increasing trade volume as retail investors enter the market. The market's price is relatively high, and the rapid short-term increase requires adjustment. The daily expectation continues to focus on consolidation, paying attention to the resistance at B6000-87000. Currently, the greed index is rising, and seasoned holders of BTC are starting to reduce their holdings to control risk. The daily level is entering a buying phase, while the weekly level is entering overbought territory, with strong expectations for a pullback. Attention is needed for changes in market sentiment to mitigate risk as the longer cycle remains unchanged and continues to look bullish.

The second contract followed BTC in consolidation yesterday, and it is expected to continue consolidating today, paying attention to the support situation at 3100-3150.

Altcoins followed the mainstream in a synchronized pullback. SATS should be patiently held, considering liquidation around 50. PEOPLE has restored previous market conditions, showing a significant rise during the election period, with many having exited, and it might be worth continuing to hold. FTM remains held, and the new altcoin recommendation is ACT, which could be worth following up on, as there will be good potential moving forward.

Intraday market analysis

BTC at the 1-hour and 4-hour levels is above healthy levels, and the daily level has entered the overbought range, expecting consolidation and an upward fluctuation during the day. The lower support for the day is 86000-87000, while the upper resistance is 91000-92000.

ETH at the 1-hour and 4-hour levels is above healthy levels, and the daily level has entered the overbought range, expecting consolidation today, with lower support at 3100-3150 and upper resistance at 3300-3350.

After bitcoin breaks 90K, here are 3 hot altcoins worth laying out investments!

DOGE

DOGE indeed has significant market influence, especially under the attention of Musk and Trump, further enhancing its visibility and market value. Musk's long-standing public support for DOGE has driven its popularity and application possibilities. Meanwhile, if Trump's involvement deepens, it could bring more market topics to DOGE, potentially leading to broader positive expectations in terms of mainstream recognition, policy support, and even ETF aspects.

The meme culture gene of DOGE, along with its potential applications in payment networks, gives it a unique advantage in the mainstream payment market. With the trend of globalization in digital payment, DOGE has a natural advantage in achieving fast transfers and low-fee payments. Market interest and confidence in DOGE continue to grow, and if its network further expands its application scenarios, the possibility of its price approaching or exceeding 1 dollar in the future cannot be ruled out.

TURBO

The performance of TURBO does indeed show potential for an upward trend, especially under the current market sentiment andtechnical indicatorssupport. According to recent price trends, its price is close to the 10-daySimple Moving Average, indicating that the current stable state may be accumulating momentum for the next round of upward movement. Current RSI The index is 45.43, positioned in a neutral range, indicating a balance of power between bulls and bears, with room for upward movement. Meanwhile, the stochastic indicator is close to the oversold area, a condition that usually suggests an impending rebound.

If it can break through the resistance level of 0.01297 USD, it will bring about a price increase potential of around 40%. Currently at 0.0098 USD.ResistanceIt is performing steadily, with strong support at 0.0085 USD. Buying within the range of 0.009-0.008 USD is considered a more conservative strategy and is expected to yield higher returns during potential price rises in the future.

SUI

Sui, designed as a Layer-1 blockchain for global adoption, indeed provides significant advantages for developers and users. Its object-centric data model and Move programming language address many inefficiencies in blockchain systems, particularly in terms of transaction and data management. This architectural design not only enhances performance and efficiency but also offers developers greater flexibility and security, facilitating the construction of web3 applications.

Additionally, the features offered by Sui, such as zkLogin, sponsored trades, and programmable trading blocks, can significantly optimize the user experience and lower the barriers to use. Its current price is around 3.33 USD, with strong support at 2.85 USD below, making it a short-term opportunity.Swing tradingProvides a good entry opportunity. If Sui receives support at the current support level, it may be poised for a rebound in the short term, suitable for experienced investors to take short-term actions while closely monitoring the performance of key support and resistance levels.