Tonight, the CPI data and the Worshearing hearing have landed as two pieces of news at once, hitting the market with dual shocks. Market participants are in a strong wait-and-see mood, and capital on the board remains cautious and is unwilling to make an impulsive layout. Big pie (BTC) continues to trade in a range-bound pattern. The direction of funds has long been showing signs: main funds have net outflows of more than $300 million. Large holders chose to trim positions early to avoid news-related risk, and for the time being they are not betting on a one-way move.

Next, keep a close watch on 618 as the key support below, which is also the core defensive position for Dótou. If the CPI data is strong and Worshe releases hawkish remarks, after support is lost the market may have room to move further down to test 610. Even if the news brings a positive boost and triggers a short-term rebound, the probability of meeting selling pressure at that range and pulling back is extremely high. Chasing Dótou blindly carries very high risk.

The Bollinger Bands are gradually tightening, and the consolidation window is approaching. Going forward, volatility will increase significantly. Before the news is fully digested, the direction of price action is still unclear. For trading, stay patient, watch but don’t move too much, and don’t risk a heavy position to gamble on the outcome. $BTC $ETH #Gate现货增速全球第一