Btc Market Analysis

1: CPI data is favorable, but realization of favorable conditions can be negative. 110,000 is the temporary top of this bullish phase.

2: Currently, the support at 108,500 has been broken. A double top pattern on the 1-hour chart indicates the start of a B-wave correction. A short-term bearish trend is in play. You can short in the range of 108,500-109,350, with a stop loss at 110,000.

3: Support below at 106,500-105,300 allows for long positions, with a stop loss at 104,600.