$BTC The intraday market fluctuates slowly, with the highest rebound in the afternoon reaching around 103500, stopping the rise. The intraday volatility is still in a consolidation phase, and the Asian session's consolidation is preparing for the evening CPI. Focus on the direction of the CPI in the evening.

Three possible outcomes:

1. Higher than expected: The market may experience a certain drop, and if the decline continues, attention should be paid to the gains and losses around the 100,000 mark to determine the direction.

2. In line with expectations: The impact is minimal. Following the tariff exemption from the former president, the employment rate and other aspects improve slightly, providing modest support for the market, but it will not break new highs, and the volatility will continue.

3. Lower than expected: The market receives positive news, leading to an upward surge, and the Bitcoin recovers lost ground, but whether it can break the recent high from yesterday's rally is uncertain, as there are indeed not many levels above.