Intraday market movements are truly exhausting. Bitcoin experienced a narrow fluctuation of nearly 500 points in the afternoon, while the altcoins fluctuated within a 20-point range. After a day of sideways consolidation, there is expected to be a major move tonight. Here, let's discuss the upcoming trend changes.

Currently, after breaking through the previous downward channel on the four-hour chart, the price has again entered a range-bound consolidation. There has been no further decline to break below the key level of 69,300 intraday. The short-term trend shows signs of resistance, and the market has been gathering strength for a day. How the CPI data will influence the market is particularly important. Overall, the pattern is characterized by rising lows and testing highs, but yesterday's insufficient volume prevented a further breakthrough of the 72,000 level, which could have pushed the market higher. Typically, after retesting the downward trendline, a pullback with resistance would lead to a decline, but the CPI buildup lacks a clear structure. If tonight's CPI data is positive, the market could see further upward movement, with the overall high points breaking higher. After forming another upward channel, the high could potentially break through the 74,000 level, with continued attention around 76,500.

If the CPI data is negative or in line with expectations and has no impact, then the overall pattern suggests the market will continue to move lower in a weak structure. Support levels to watch are around 68,500 to 67,000. #伊朗在霍尔木兹海峡布设水雷 $BTC $ETH