CoinWorld reported that Matrixport released its daily icon analysis stating that Bitcoin is breaking out of its triangular consolidation pattern. Despite strong performance during the Asian trading session, sell-offs in Europe and the U.S. have offset some of the gains. As long as the price can stay above $116,817, this is still a tradable breakout with a trend leaning towards an upward direction. If the Consumer Price Index (CPI) data exceeds expectations, it may challenge the market's expectation that the Federal Reserve will cut interest rates twice this year. We believe this challenge is reasonable, but considering the seasonal period of weakness, prices may only rise slowly rather than accelerating in a parabolic manner. Funds are continuously flowing into the cryptocurrency market through various channels, and patient investors are likely to see returns within this year.