Latest Bitcoin Market Update: The short-term bullish trend is still intact, CPI rebound continues, but repeatedly faces resistance near 65K. Short-term bearish divergence has already appeared. The market remains in a consolidation phase, with no clear unilateral trend. The probability of a rebound peak near 68K is relatively high, but the rebound space is limited! The tug-of-war between bulls and bears: Bullish factors: Healthy 4H bullish structure, CPI positive news, new whales continue accumulating; Bearish factors: Short-term bearish divergence, ETF single-day outflow of $425M, old whales selling $4.3B, social media hype at a low point. Bull and bear momentum is gradually balancing out, with bullish momentum weakening, making further upward movement increasingly difficult. Current status: 65K is the testing ground. Price has repeatedly tested this level, with four attempts being rejected. Short-term bearish divergence signals accumulating risks for chasing the rally. Observation and waiting: (1) Can 65,500 break through with strong volume → If it holds, rebound targets are 65.8-66K; (2) If it breaks below 64K with strong volume → Look for support at 63.7K. The risk-reward ratio for going long is decreasing! Don’t chase the rally or go overly bullish!