Market Outlook

BTC retraced to around 80,000, expected movement ahead
BTC surged to around 82 this morning, then retraced within the day and during the US session to about 80,000
The accelerated decline during the US session was influenced by CPI higher than expected, although there was no immediate drop when the data was released, it fell around 11 PM. This decline caused altcoins to drop 2-3%, with intraday retracements averaging 5%
I believe the key support level is 79,400; if it breaks below 79,400, the retracement level will expand, and the duration of the retracement or top consolidation will increase, delaying the target of 83-84 (I still believe this target will be reached)
If today's retracement does not break below 79,400, the short-term rebound target is around 83, completing the final wave of upward movement
The day before yesterday, I drew a chart with a peak reaching 85, I think it might touch 85 after reaching 83-84, with 85 being the highest target but not necessarily reached. The realistic target is 83-84
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