The Bull vs Bear Battle over BTC continues to be intense, with an equidistant pullback occurring in the early hours of the morning, precisely retracing to the starting point of 118010 at 5 AM yesterday.



Short-term trading has entered a consolidation phase, during which it is advisable to focus on light positions and buy on dips. After the consolidation ends and a unilateral upward trend appears, then increase positions accordingly.

The current 4-hour level is in an adjustment state, with the support level at 117500; meanwhile, the hidden momentum of the daily level's rise has not only not diminished but has actually strengthened, making the bullish and bearish divergence at this position quite evident. If the support level of 117500 is not broken, the market is expected to test the area above 120000 again.

For tonight's CPI data, my personal subjective judgment leans towards being favorable. #加密总市值创历史新高#
BTC0.79%
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