Tonight, the US CPI is expected to be between 2.7%-2.8%. As a barometer, the result will directly influence the short-term direction of risk assets like BTC. Recently, geopolitical tensions have driven gold and silver to new highs. Although institutions continue to increase their holdings of BTC, indicating an enhancement of its safe-haven properties, the uncertainty in macro policies still keeps market sentiment tense.

Currently, BTC retreated after reaching around 92,000, and is now trading at approximately 91,116. Despite the bullish sentiment still prevailing, the decrease in total holdings and the continuous net outflow from ETFs reflect cautiousness among investors ahead of key data releases. Leverage demand remains weak, and volatility has increased, so short-term selling pressure and wait-and-see sentiment persist.

The H1 cycle MMBM range signal has strengthened, with 96,000 regarded as an important upward magnet level. If subsequent capital flows can resonate with this structure, trading opportunities on the wave could emerge. However, we need to closely monitor the validity of this range. If the price breaks below the key support, the original bullish structure will be invalidated.

Tonight, the focus is on whether inflation data will give a "stimulus" expectation. The current market resembles a tug-of-war; bulls want to jump into the 96,000 trap, but they haven't stabilized their footing yet. We should watch the moment the data is released—don't rush blindly. If the price can move upward in line with the structure, take advantage of the trend; if it breaks below the key level, exit quickly. Never hold on stubbornly during data conflicts—safety in profits is the top priority! $BTC ‌#Gate广场创作者新春激励