After the CPI data was released last week, the data was positive, but subsequent upward momentum was weak, leading to a small pullback. The support below has become a resistance for the pullback, resulting in the weekly chart being in a sideways trend for three consecutive weeks. According to the Vekov trading logic, the current market is in a state of supply and demand balance, with no trade surplus or disruption of supply and demand, leading to a prolonged sideways trend. The most important thing now is to wait for the appearance of trade surplus and the imbalance of supply and demand. The key point of supply and demand imbalance is the increase in trading volume, otherwise the deadlock cannot be broken!
Observing the daily chart, although there was a slight upward movement in the early morning, it quickly fell back, fully proving that there is not enough confidence at the moment to drive the market, and off-market funds cannot flow into the market. Faced with this situation, individual traders are best to observe and wait patiently. For those with positions, according to short-term trading techniques, enter and exit quickly, try to shorten the time spent in the market, and minimize the risk!
Everyone understands the principle of "When the tree wishes to stand still, the wind keeps blowing," and it is the same in the cryptocurrency market. Especially when there is no obvious supply and demand changes in the market, individual traders need to be more cautious and guard against sudden moves by major players!
Currently, the focus is on the four-hour trend. After the early morning surge and fall, if there is no further rebound, the market will continue to be weak. The support below will become a resistance for further decline, creating a precarious situation!
In terms of operations, short-term trading should be the priority. No operational advice is provided for today. Those who need to learn trading techniques can follow the public account! 
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