The upcoming CPI release tonight is an important risk point, reminding everyone not to go against the trend and hold positions blindly.

If inflation data exceeds expectations, the crypto market will face increased pressure, and Bitcoin risks breaking below and hitting new lows, with the first target at 57,950 and an extreme low at 55,900.
Assuming CPI data meets expectations with no significant fluctuations, the market will enter a range-bound consolidation, waiting for next Sunday’s central bank interest rate decision and the Federal Reserve’s meeting on the 18th to guide the direction.
Only after all these bearish negatives are cleared will the bulls have a chance to rally, and the recent overall downward trend suggests a higher probability of further decline in the coming days.
Last Friday’s bottoming and rebound have already played out, and the market is currently in the process of a second bottom formation.
The main trend remains bearish, so hold short positions patiently, with strict stop-loss to protect capital, and the potential profit space remains considerable.
Long-term support levels are locked at Bitcoin 49,800 and Ethereum 1,150, and spot traders can fully enter at current prices.