The Bitcoin price movement in the early morning entered a retracement consolidation phase after a rise, with prices remaining in a sideways fluctuation during trading hours, leading to a brief stalemate between bulls and bears. The current market is clearly waiting for the dual guidance of the CPI data and the weekly unemployment claims set to be released in the evening, and the light trading activity before significant fundamental events reflects a generally cautious attitude. From the market data structure, after reaching a short-term high, the price failed to maintain its strength and instead faced downward pressure, repeatedly testing the key support area, with volume also contracting, indicating insufficient upward momentum in the short term. This period of sideways movement can be seen as the market building momentum, and after the evening news is released, volatility may rise significantly, necessitating vigilance against market fluctuations.

Although the current price is in a consolidation range, the short-term still tends to first test the support downwards. From a technical perspective, the dense resistance area above exerts pressure on the rebound, and if it cannot be effectively broken, short-term selling pressure may further increase. In addition, the market tends to hedge and liquidate before news, and after a pullback, it may create space for subsequent rebounds. It is recommended to maintain a bearish short-term outlook, focusing on the strength of the key support area below. If the price quickly dips and then shows signs of stabilization, rebound opportunities can be captured. It should be noted that news may directly break the current balance, and if the data is favorable, strategies need to be adjusted in a timely manner. Overall, the market's short-term adjustment demand has not been fully released, but there is still an expectation for upward recovery after a consolidation. Everyone needs to strictly manage risk to avoid blindly chasing highs and cutting losses.

Short-term trading suggestions:
Short Bitcoin around 82300, with a target focus on around 80800; short Ethereum around 1610, with a target focus on around 1560.