Bitcoin bulls and bears are just playing house, all waiting for the CPI data release! Woke up and took a look at Bitcoin's price action—calm and uneventful, narrow fluctuations. (1) The order book shows no major activity, no large buy or sell orders spotted; (2) Both bulls and bears are weak in volume, with bears slightly having the upper hand. The price dropped to the Fibonacci retracement 0.5 level, around 62,500, but couldn’t go lower—pretty much in line with the prediction I posted before going to bed; (3) Currently, the daily candlestick chart shows three consecutive red candles, but trading volume is sluggish. Neither side is going all out—it’s just playing house and testing the waters. For ultra-short-term traders, you can play around with long and short trades, but for someone like me who prefers trend trading, this kind of movement isn’t appealing. I’ll stay on the sidelines and watch for now. Once the CPI data is out, we’ll make our move then.