CPI data landing is nothing special, the market has experienced multiple fluctuations and reversals, but ultimately it still begins to move upward as scheduled. After Bitcoin broke through the 113,500 level the day before yesterday, it firmly held the support level, continuously gathering strength to break higher, and has now surged to a high of 115,300. After the CPI data was released yesterday, it did not bring any substantial impact to the market, only a thousand-point spike followed by a quick recovery. From the current market pattern, the trend has already reversed, and the next highs will continue to be refreshed. Every pullback and correction is preparing for the next surge. In crypto trading, avoid fixed thinking; understanding how to follow the trend flexibly is key to long-term stability.

From the four-hour chart of Bitcoin, after probing the bottom at 79,800 in the early morning, it consecutively formed two small bullish candles to rebound, with the price returning above the lower Bollinger Band, currently consolidating near the middle band around 81,000. On the naked candlestick pattern, this rebound is relatively weak, with three bullish candles gradually decreasing in volume, indicating that the bulls are only repairing weakness, not actively attacking the market. Currently, the 80,600 level coincides with the convergence of the MA7 and MA30 moving averages, forming a clear resistance in the short term. If it cannot stabilize effectively, the market will remain in a weak consolidation pattern. Looking at the one-hour chart, after rebounding to around 81,900 yesterday morning, it faced resistance and fell back. Currently, the price is consolidating in a narrow range between 80,400 and 80,800; the three Bollinger Bands are clearly converging, and the MACD fast and slow lines are hugging below the zero axis, indicating an imminent directional choice. The key support below is concentrated around 79,800-80,000, the lows from four hours ago, while the resistance above is at 81,000-81,200, which is the hourly top-bottom reversal resistance. In the short term, expect range-bound trading; a confirmed breakout will follow the trend.

Wednesday morning outlook BTC: Buy in the 80,000-80,500 range, target 82,000

Wednesday morning outlook ETH: Buy in the 2,270-2,280 range, target 3,370

$BTC #Gate广场五月交易分享