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Last night, CPI data met expectations, and combined with the net inflow into Bitcoin spot ETFs, a rally was triggered, precisely reaching the ideal level of 71.2K as indicated by Silk Road Reminder.
Currently, Bitcoin faces resistance again during its upward move and has pulled back for a correction. Overall, around 70,000 remains a critical battleground. The daily chart shows consecutive bullish days forming a double bottom rebound. If it stabilizes at this level, market sentiment remains optimistic for continued upward movement, with a dominant bias towards northbound trading. During pullbacks, pay attention to the 72K-73K range. In the short term, breaking through the first key obstacle could lead to a structural recovery and attempt to retest previous highs.