Currently, in the four-hour price trend of Bitcoin, there has been a situation of three consecutive bearish candles, and the price movement is quite difficult, with a fluctuation of about a thousand points. This raises questions: is the market going to move in small steps again, first slowly declining, and then gradually rising?

From the technical indicators, the MACD indicator shows a trend of forming a death cross, which means there is a possibility of a market pullback. The key now is to see how large the pullback fluctuation will be. Additionally, the CPI data will be announced tonight, and the market's fluctuations will likely be significant. If investors are uncertain about the market direction, it might be wise to wait for the CPI data to be released before deciding on a trading direction.

Evening trading strategy: go short around 110000 with a target of 107000.