Currently, Bitcoin remains in a narrow range between 60,800 and 61,800. Bitcoin has tested around 60,500 twice without a significant breakdown, but the second low is slightly lower than the first, indicating that while support exists, buying momentum is weakening; a breakout above 62,200 is needed to open up upside space, otherwise it will continue to fluctuate within the range. Meanwhile, downward momentum has slowed, but the upward movement also lacks volume to sustain it. Ethereum is similarly constrained by resistance at 1,635-1,640, with support at 1,615 in the short term.

Current consolidation range:
BTC: lower boundary 60,500-60,800, upper boundary 61,800-62,200
ETH: lower boundary 1,600-1,615, upper boundary 1,635-1,650

Before tonight’s 8:30 CPI data release, both bulls and bears remain cautious, most likely continuing to tug within the range. Trading strategies can rely on buying near the lower boundary and selling near the upper boundary, with light positions, quick entries and exits; more conservative traders can wait until the data is released and the trend becomes clearer before following up.
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