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The concubine continues to fluctuate with Bitcoin late at night, and after the CPI data is released, the direction remains unclear.
From the 4-hour chart, it has been falling back from the high point at 1721, currently repeatedly testing the bottom around 1630.
The MACD bearish momentum has already significantly decreased, and the fast and slow lines are about to form a golden cross at low levels, indicating a short-term opportunity for a corrective rebound.
Poetry Yuan's view:
Short-term support is at 1610-1600, resistance at $BTC 1660-1680.