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#BTC Attention!!! The new small trend is happening this week
Bitcoin has surged from the lows all the way up to 80k, reaching a high of 82,9 before pulling back, initiating consolidation, and consolidation won't last forever, prolonged consolidation will inevitably lead to a breakout in one direction.
Currently, from the four-hour and daily chart structures, the upper highs are decreasing, the lower lows are increasing, and it is in a phase of range contraction. Range contraction means one side is about to break out, and the side that breaks out tends to continue, forming a new small trend.
And this stage of extreme contraction seeking a breakout is often driven by fundamentals, so tonight's CPI will be the catalyst. Pay close attention... In the afternoon, I will discuss the CPI expectations for tonight.