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If CPI data exceeds expectations and rises, it will strengthen the Federal Reserve's rate hike expectations, the US dollar will strengthen, and $BTC is likely to come under pressure and decline, testing the 70k support level; if CPI falls back, easing expectations will increase, risk assets will strengthen, and BTC is expected to challenge the previous high of 73k, continuing its rebound trend. Currently, BTC is in a high-level oscillation on the 4-hour chart, with MACD turning downward, so caution is needed regarding volatility risks after data implementation, paying attention to the breakthrough of key support and resistance levels.