In the early hours of yesterday, BTC fell to 118050, trading hours fluctuated, and there was a slight drop in the evening. After the CPI news was released, long positions increased, and in the late night it pumped to the 120,000 mark before retreating.
From the current market perspective, after a rise, the four-hour level has pulled back, forming effective support near the middle track at 118918, and is currently fluctuating around 119600. The K-line has retraced above the middle track of the Bollinger Bands, and the Bollinger channel is narrowing. Technical analysis shows that the competition
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