The Bitcoin small-scale fluctuations continue, and there hasn't been a significant rebound, which is likely related to the ancient whales moving out. Everyone is afraid of a sudden dump, leading to weak purchasing power and a downward price trend.

However, the current price is also near the range of fluctuations before the recent rise, so there is some support strength. Therefore, there may be two potential scenarios. The first is back-and-forth fluctuations followed by a quick rebound, then a rapid drop, breaking today's low point, while forming a bearish flag pattern.

The second is a continuous downward trend. I remember a previous trend like this, where it continued to decline, repeatedly forming small candles below, yet the price couldn't rise. It resembled a descending wedge pattern, followed by a sudden accelerated drop just before a rebound, catching people off guard. So these two scenarios will either fluctuate before starting an accelerated drop, or rebound to around 118,000 before quickly declining.

In short, both scenarios are bearish in the short term. Additionally, considering the impact of the CPI data, the probability of an accelerated drop tonight is very high. If the drop occurs, pay attention to the support area around 115,000-114,000 (planning to buy the dip).

[If the CPI data is released favorably, causing the BTC price to rebound and break above 119,000, this judgment will become invalid, and the pattern will reverse, starting a new upward trend; one must decisively abandon the short position idea.]