The US CPI data coming in below expectations really injected a shot of adrenaline into the market, and BTC also rode the momentum into a frenzy of rapid surging gains. But through the surface appearance of the order book, we need to stay clear-headed: this rally is more of a short-term sentiment pulse triggered by the news, rather than a genuine reversal of the underlying trend.

Judging by the structure of the chart, the short-term rapid spike to higher levels has already severely exhausted the bulls’ momentum. Under the sway of overheated sentiment, the market has a strong need for pullbacks and corrective repair. Therefore, at present, do not let short-term excitement cloud your judgment and blindly chase longs. A rational strategy is to wait patiently for the price action to rebound into the overhead resistance/pressure zone, and then look for opportunities to open short positions. Once the sentiment cools and the market returns to rationality, the room for downside will gradually open up.
BTC advises opening shorts on a rebound near 64,000, with targets around 62,000 to the downside.
ETH advises opening shorts on a rebound near 1,860, with targets around 1,720 to the downside. $BTC