《Three-in-One Trading System｜BTC Evening Market Analysis (3/3): Structural Patterns and Core Judgments》 Structurally, BTC has broken below the critical support at 77K, weakening the short-term structure. On the daily chart, the price has fallen below the lower boundary of the consolidation range since August 22, forming a downward breakout. In terms of space, BTC has broken below the 0.786 level of the small cycle Fib retracement and is moving toward the 0 axis. If 77K cannot be quickly reclaimed, the next target is 75,233 (Fib 50% retracement level), followed by around 73,500. The 0.5 Fib retracement level on the larger weekly chart, near 71K, is a very strong support level. Even with the pressure of rate hikes, the 71K level will likely serve as the last line of defense for the bulls. Core judgment from Xiaolong: On the long-short momentum front, bears are clearly dominant, and signs of exhausted bullish momentum have been confirmed, indicating short-term pressure. On-chain data shows that ETF net outflows have persisted for two consecutive days, interrupting the inflow momentum and weakening short-term buying power. From a macro perspective, PPI exceeded expectations at 5.4%, the probability of a rate hike has surged to over 70%, the 10-year U.S. Treasury yield is approaching 5%, and oil prices have broken above $105. Regarding key catalysts, tonight’s CPI is the real variable. If core CPI ≥ 0.3%, BTC may directly test 75,000 or even 73,500; if core CPI ≤ 0.2%, there could be a rebound and recovery. Conclusion: The larger bullish structure remains intact, but short-term bearish signals are evident, with the price already breaking below the critical 77K support. The direction is essentially clear—downward correction. This aligns closely with my projections for weekly and daily price movements. CPI data and rate hike expectations are merely catalysts. However, even if CPI turns out to be mild, based on the aforementioned bearish signals, my personal prediction is that BTC will likely continue its downward correction. First target price: around 75K. Second target price: around 73.5K. If it drops to around 71K, that’s the time to jump in boldly.