Around the release of yesterday's CPI, the cryptocurrency prices were wildly pulled, but overall, it still failed to break out of the range, forming a pattern where it does not break the high above or the low below. However, the pulling space also provides a significant operational space, but it cannot be said that one should go long at high positions and short at low positions. If the positions are well identified, the relative space available is still very ideal.

It is not difficult to see on the daily chart that after the bitcoin surged to the 110,000 mark, the price continued to decline, with a minimum retracement to around 76,000. One can imagine how intense the battle in between was, but this is also quite normal in the crypto world, so it should be treated with a calm mind. After a continuous decline on the daily chart, bitcoin did not continue to retrace but made a brief correction. Under the influence of last night's CPI, the price began to rebound, but it still failed to form a reversal. On the 4-hour chart, the price's pattern can be described as unpredictable, with no obvious unilateral pattern appearing, but rather a cycle of surges and retracements, repeatedly going up and down. The only thing worth noting is that the lows are getting lower, and the highs of the rebounds are also getting lower, so under this pattern, one should find a good position to short.

Bitcoin was shorted at 84,000-84,600, with a focus on the 80,000 mark; if it breaks, continue to follow. Ethereum was shorted at 1,900-1,950, with a focus on 1,750. $BTC #美国加征关税