On Thursday, the CPI actual value was 4.2%, which did not significantly exceed expectations, and concerns about short-term interest rate cuts have eased. After the data was released, the market showed a pattern of initially rising then falling in a volatile manner.

In terms of news, the situation in the U.S. and China is still fermenting, with related remarks appearing repeatedly, but the market has become noticeably "immune," and the impact is gradually fading. Besides that, no new strong negative factors have emerged.

In the short-term structure, the 4-hour chart remains in a consolidation range, with the upper and lower bands of BOLL forming the current effective resistance and support; the space is unlikely to open until a breakout occurs. The hourly RSI has entered the oversold zone.

Since yesterday, the 60,700-61,000 area has not been effectively broken downward, with clear buying support. The 60,000 psychological level provides relatively strong support, making a one-time breakdown difficult.

The trading strategy for the end of the week remains unchanged: first follow market sentiment to look for rebounds, then go short after the rebound is blocked, $BTC and overall treat it as a consolidation phase.