The pace has noticeably slowed down in the past couple of days, a calm before the storm ahead of the CPI. We are currently in an Accumulation phase, and my previous outlook remains unchanged as I continue to look downwards. Yesterday was just right for an upward movement, and we are now at a high position within a range where one can take advantage to go south. There is a high possibility of a one-sided trend tonight, with space to shape it on your own.

From a technical structure perspective, the short-term Bitcoin has strongly rebounded from the bottom. Currently, there is resistance above. Looking at the MACD, the DIF has formed a golden cross above the DEA, but there hasn't been much continuation. After a period of adjustment during the day, it will begin to decrease in volume. Although it is relatively strong at the moment, it is not advisable to make short trades right now. After all, the news will come out in the evening, and specific adjustments should wait for the market's reaction after the CPI is announced.

Pancake operation suggestion: around 110400, go south.
Target: 106500#ETH反弹在即？