Last night, the CPI market rebounded sharply, and BTC seemed to break through 110,000 strongly but still faced resistance from previous highs, falling back to form a double top structure on the hourly chart. In the evening, the market provided some late-night snacks.

Currently, looking at the market, BTC has entered a short-term consolidation after facing pressure at high levels. The daily chart shows a transition from consecutive gains to a loss, maintaining a wide range oscillation pattern. On a smaller scale, the overall high position is gradually declining, and the trend seems to have taken hold, so pay attention to the steps that involve turning back. If the support holds, consider a reversal.

Around 108,800-109,300, look at the area near 107,000.

The market changes rapidly, so refer to the current market conditions, and be sure to maintain proper risk control.