《Mr. Xiaolong's BTC Evening Market Analysis: CPI Data Bearish, Increased Probability of BTC Pullback》 Hey fam, the CPI data is out! Core monthly rate came in at 0.3%, higher than expected, marking the highest level since May this year. This is clearly bearish, but it hasn’t triggered a BTC crash. Xiaolong’s Observations and Key Takeaways: On the current chart, the bearish news has pushed BTC prices down. In terms of volume, bears are dominating while bulls are exhausted. The first wave of selling pressure after the CPI release wasn’t as intense as expected, with bulls actively absorbing it—no signs of panic selling. On-chain perspective: ETFs have seen net outflows for three consecutive days, interrupting the inflow momentum, and short-term buying power has weakened. Whether ETFs continue to see outflows after the U.S. stock market opens tonight will be key to determining the short-term direction. From a price perspective, BTC has already broken below the critical 77K support level in the short term and is moving toward the 75K zone (Fib 50% retracement level). If it continues to break below 76K tonight, the next target will be 75K. On the macro side, the core CPI monthly rate of 0.3% exceeded expectations, raising the probability of a rate hike to as high as 70%. The 10-year U.S. Treasury yield is approaching 5%, oil prices have surpassed $105, and inflationary pressures remain. Conclusion: The broader bullish structure of Bitcoin’s bull market remains intact, but short-term bearish signals are evident. The fact that the bearish CPI data didn’t trigger a crash suggests that the market has partially priced it in. Based on these bearish signals, my personal forecast is that BTC prices are highly likely to continue pulling back. The first target is around 75K, the second target is around 73.5K. If it drops to around 71K, I’ll say it again: don’t hesitate to hop on the BTC bull market train.