Market Outlook

BTC retraced to around 80k, expected future movement
BTC surged to around 82 this morning, then retraced within the day and during the US session to about 80k currently
The accelerated downward correction during the US session was influenced by CPI data exceeding expectations. Although there was no immediate decline when the data was released, it dropped around 11 PM. This decline caused altcoins to fall by 2-3%, with the intraday correction of altcoins averaging around 5%
I believe the key support level below is 79,400. If it falls below 79,400, the correction level will expand, and the time for correction or top consolidation will increase. The target of 83-84 will also take longer to reach (I still believe this target will be achieved)
If today's correction 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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