Bitcoin has experienced severe fluctuations recently due to war-related news. Following the release of a ceasefire proposal for one month by the US in the early morning, the downward trend quickly reversed, and the price has now rebounded and stabilized at the key level of 70,000. On April 10, the March CPI data will be released. Supported by high oil prices and commodity prices, the data is likely to be strong, presenting risks of a sharp pullback; however, institutions may complete profit-taking through long-inducing before negative news materializes. Bitcoin's short-term structure shows a p
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Bitcoin is currently experiencing weak oscillations, and the bulls are clearly struggling. The four-hour rally was purely driven by news stimulus—it couldn't hold after being pushed up and dropped directly to 68880 last night, with real selling pressure above. We went straight to the typical level according to Yifan's expectation. The current rebound is essentially "fixing the chart," not a new round of uptrend, with limited room to move. Combined with lingering risk-off sentiment and reluctance from funds to enter positions, the overall rhythm remains bullish. To put it simply: this rebound i