Last night, after the CPI was announced, Bitcoin's market immediately became active. The inflation data was not as hot as expected, and the market began to heavily bet that the Federal Reserve might cut interest rates in April. The US dollar weakened accordingly, and a lot of funds flowed into risk assets.

On the Bitcoin side, after breaking through 93,000, there were no signs of a pullback, and it continued to surge upward. During the US trading session, the bulls were fully activated, and the overnight rally directly pierced 96,000. But the good times didn't last long; selling pressure at high levels suddenly came down, and the price quickly dropped from the top. It is now hovering around 95,300, entering a phase of high-level digestion. In the short term, it remains in a strong pattern, just needing time to consolidate.

From a macro perspective, the core of this rebound is actually the improvement in liquidity expectations. Once the expectation of rate cuts forms, funds will rush in. But don’t forget, Trump is still putting pressure on the Federal Reserve, so the independence of monetary policy remains uncertain. Therefore, the market shows a characteristic—rapid rise followed by quick shakeout, with a particularly fast rhythm.

Technically, the Bollinger upper band on the Bitcoin daily chart has been effectively broken, breaking the previous consolidation range. The short-term moving averages are showing a bullish divergence, with an obvious trend shift to strength. The four-hour chart also shows a bullish arrangement, with increasing momentum bars and the bulls taking the initiative. However, on the hourly chart, various indicators are already in overbought territory, indicating a need for a correction or consolidation to digest profits. Today, we may see some pullbacks from high levels or sideways consolidation. The key support zones below are around 94,000–93,000.