In the early morning, the market has slipped, taking another 900 points. 1️⃣5️⃣ consecutive gains, strangely, no one is questioning the momentum of consecutive gains now. This morning, the daily trend closed with three consecutive bearish candles, continuing to decline. Just after the close, it was directly impacted by the fundamentals and started to drop sharply. After the market hit 2000 points, it shifted to a bullish stance. This is not random; anyone who understands the 2022 Ukraine-Russia conflict knows that it also started with a sharp drop, only to recover afterwards. Therefore, this kind of fundamental impact is not persistent and can easily reverse, which is reflected in the price action, slowly oscillating upwards, eventually reaching a bullish stance at 1900 points. During the night, the market tested the support of the lower Bollinger Band on the four-hour chart without breaking it, turning bullish, and taking a position at 1000 points. Subsequently, it shifted to a range view, and another rise from the high end of the range resulted in another 900 points. This is completely consistent with the price action, so the doubts about the 1️⃣5️⃣ consecutive gains have disappeared.

Overall, the price action shows a strong upward movement at the beginning of the week, followed by a correction. During the correction phase, the market tested the upper resistance at 110700 four times without breaking it, indicating that the resistance is too strong, which means a pullback is inevitable. The CPI fake bullish move is just bait, and the purpose is obvious. After three consecutive bearish candles on the daily chart, it closed at the bottom, and the four-hour Bollinger Bands are also continuing to expand, indicating potential continuation. After reaching the bottom support, it rebounded and broke the daily high, appearing strong, but in reality, it is weak internally, which is evident from the contracting Bollinger Bands on the hourly chart. Additionally, it is now the sixth day of the week, and the sixth day is mainly moving in a range; without significant fundamental impacts, there won't be any big movements, so we continue to observe the range unchanged.

In the range, there is a rise near 106000 to 106500, and a decline near 10300 to 103800. $BTC