Looking back at yesterday, Bitcoin experienced a narrow range consolidation during the day, with bulls and bears stuck in a stalemate. After the CPI data was released, there was a short-term rally that pushed prices higher, reaching around 71,300 resistance before quickly facing selling pressure and pulling back. The bullish momentum was fleeting and failed to break through or stabilize effectively.

The market's rise and fall clearly indicate significant selling pressure above, with insufficient bullish capital to sustain the rally. Structurally, the short-term trend remains in a weak downward phase. The rebound is a correction within a downtrend, not a trend reversal.

In terms of trading strategy, maintain a clear mindset, focus on short positions, strictly control risk, avoid blindly chasing rallies, and patiently wait for pressure levels to short.

Trading suggestion: Short around 70,000-70,600, targeting 68,000-67,000, with a break below 65,500.