Wednesday: CPI struggles to break through the range, wide swings continue to tug back and forth

Yesterday's market, driven by CPI, did not show a one-sided continuation; after testing the low at around 79,800, it remained in a state of recovery and upward movement. Although the momentum was not strong, the continuation effect was good.

From a technical perspective, on the four-hour chart, the trading channel remains flat, and the range stays unchanged. The bulls and bears switch frequently, but no single-sided breakout continuation has formed. On a smaller timeframe, it is still a wide-range tug-of-war.

On the one-hour chart, after oscillating and declining, the price formed a series of bullish candles and recovered, entering a phase of consolidation. Currently, the pullback is weak, and it continues to oscillate upward. Under this gradual recovery and upward rhythm, it is no longer suitable to look for a pullback.

Today’s strategy revolves around the range correction rhythm, mainly buying at lower levels:

For trading, I personally suggest buying in the 80,500-81,000 area, targeting 82,000-82,500$BTC