Simple analysis of the intraday market:

In the previous article, I mentioned that BTC's emergence of a large bullish candle on the daily chart is most likely the result of the main players using the news from the China-US talks to assist in a trend-driven surge;

It peaked at 110500 but fell back weakly, corresponding with the rebound and pullback position during the previous decline. The second attempt during the day to break through was still ineffective, further confirming that 110500 has significant resistance.

The area around 1062-1070 is the zone of support and resistance interchange, making tonight's CPI data extremely important.

If it's negative, the main players will inevitably sell off in response, and the area around 106 will again become a battleground for bulls and bears.

If it's positive, breaking through 110500 will only be a minor event, with resistance levels above at 1121-1127 waiting.

If it meets or closely approaches expectations, the market may oscillate within the 106-110 range for a short time.

Old Ma and Trump are likely good buddies shoulder to shoulder again, while many retail traders relying on news are left empty-handed. As always: news can be false, but candlestick patterns will never deceive you!