In recent days, the market has been oscillating during the daytime, with frequent needle-like movements in the evening. After a surge and pullback this morning, overall volatility remains relatively limited. It is important to pay close attention to the upcoming CPI data release in the evening, which is expected to trigger significant fluctuations. Our positioning has already begun; it is recommended to adopt a light position and set strict stop-losses.

From the recent overall trend of BTC, the market continues to show a scenario of both bulls and bears being trapped, with repeated fluctuations. Currently, the overall trend remains downward, with a wave target around 84,000. The recent market has been almost dominated by continuous "drawing door" patterns, with both rises and falls lacking sustainability. Holding positions overnight can easily lead to profit erosion; the price levels may remain unchanged, but the positions could be lost.

Regarding the future trend, the downward trend is expected to continue, but the process may be more complex. The rhythm of rebounds and the highs may be difficult to grasp. The key resistance levels to watch are as follows: first, around 87,000, which has not yet stabilized; the price may fall back from this level. Second, in the 88,000-88,500 range, if the price breaks through 87,000 and stabilizes above it, it may further rise to this area, then retrace after triggering stop-losses.