Bitcoin price has once again entered a sideways state, experiencing a pullback after recently touching the upper resistance line, forming a small double top structure. Yesterday's short order barely broke even and failed to seize the profit opportunity of 1000 points. Considering the CPI economic data to be announced tonight, the market may experience significant fluctuations, so temporarily watching may be a more prudent strategy.

From a technical perspective, the current small-scale double top structure is not very solid, and the overall trend may continue to strengthen. The main reason is that there is still a considerable amount of liquidity clearance space above. Combined with the release of important economic data in the evening, there may be short-term price fluctuations, providing traders with better entry opportunities.

Analyzing from the daily chart, although the price of Bitcoin is close to its historical high, the path to a breakout may be affected by inflation data. Investors should closely monitor the impact of CPI data on market sentiment, as this could determine whether Bitcoin can break through resistance levels and create new highs in the short term.