$BTC has now entered the rising phase of the fifth wave, with the historical high of 123000 above. This position itself is a Bull vs Bear Battle point, and fluctuations are quite normal. According to Bitcoin's past rhythm, it often "fakes a break" before a pullback. If it truly peaks, it will plummet directly; if it is just an adjustment, it is likely to consolidate sideways near 123000 before pushing up again. The key for short-term operations is to focus on the small-scale trends around this price level. From an intraday perspective, those holding Spot can patiently hold and wait for new long order confirmation opportunities to aim for a new historical high.

The CPI data tonight is crucial, as it may stabilize the expectation of a 0.25% rate cut next month, and even spark discussions about a 0.50% rate cut. This kind of unexpected positive news is likely to directly stimulate the market. Currently, Bitcoin and Ethereum are experiencing a rotating rise, which is the rhythm that a healthy bull market should have, indicating that we may be entering a new phase of the cycle.
Bitcoin and Ethereum may still have a period of price discovery, and only after they truly complete their valuation release will it be the turn of mainstream altcoins like BNB, SOL, and XRP to experience significant trends. From a funding perspective, remember one thing: it is not retail investors driving the market now, but institutions. Therefore, the selection of altcoins must be meticulous, and it is meaningful to focus on those that can continue to strengthen.
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