In this uptrend leg, the key focus is not CPI data, but changes in the order-flow/positioning structure that move upward with price.

Macroeconomic data can only briefly ignite market sentiment; whether this rebound can last and how strong it will be depends mainly on whether, after the rally lifts prices, the market can complete sufficient rotation (turnover) at high levels.
Looking back at the past month’s positioning distribution, three major signals appear on the board:
The current POC cost-basis center is at 62602, which is the core cost range of this rebound
After price holds above the cost-basis center, it cleanly breaks through the 63940 high-density cost resistance zone and pushes up to around 64850
Compared with the previous day, the upper edge of the high-density cost band rises from 64596 to 64976
This is enough to prove that during the upswing, fresh funds continuously take/hold at high levels; a new high-density cost band gradually moves higher, and the market’s overall cost basis rises in tandem
Changes in the positioning structure are far more referential than a price breakout alone.
If the rally is driven purely by news without positions switching in sync, it will most likely result in a false breakout followed by a pullback.
If the positioning peak follows price upward, it means the prior overhead selling pressure has been fully digested through turnover; both support and resistance levels will also switch to new ones.
Next, closely watch two key price levels
63940: check whether prior resistance can turn into effective support on a pullback
64976: confirm whether high-level turnover can continue and whether price successfully holds above it.
If BTC continues to settle and complete turnover above 64000, this market move will be more than a short-term sentiment rebound—it would mean the market’s overall cost-basis center has genuinely shifted upward. Otherwise, if high-level turnover is insufficient, pay close attention to pullback pressure caused by the concentrated realization of large profits $BTC ‌#PreIPOs第二期OpenAI认购