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A week has passed, and the upcoming week is packed with major market events, each of which could influence the market trend. Federal Reserve personnel decisions, U.S. CPI data, the voting on the "Crypto Clarity Act," Powell's resignation, and ETF capital flows—all are key influencing factors.
If the CPI data is lower than expected, the crypto bill passes smoothly, and ETF funds continue to flow in, then the price is likely to surge upward, targeting the 83,500-84,800 range. But if the CPI data is much higher than expected, the bill voting doesn't go smoothly, and ETF funds start flowing out, then the price will drop, likely testing support in the 77,120-78,300 range.
Looking at the current market situation, the price has already stabilized above 80,350, with the highest point reaching 81,400. The next step is to challenge the 81,700 resistance. The short-term trend remains very strong. As long as it doesn't fall below 80,350, the dip-buying strategy remains valid; if it can break through 81,700, the price will continue upward, with 83,500 still in sight, and later even reaching the 84,800-86,880 range. Once broken, the trend will become completely bullish.
Friends holding long positions, pay close attention to the 81,700 level. If the price cannot effectively break through this point, before the U.S. stock market opens on Monday, the price will likely fluctuate back and forth within the 80,350-81,700 range.