Many people are waiting for a drop to the right level, but the market is unpredictable, changing every day, unlike the big A.

It's Monday, and the performance of Bitcoin's price is stirring the hearts of retail investors. Bitcoin has been fluctuating in a narrow range around the 94,000 price level, with both bulls and bears locked in a stalemate. The reason behind this largely stems from market participants waiting for Wednesday's upcoming CPI data. The CPI, or Consumer Price Index, is a core indicator measuring inflation levels at the macroeconomic level, and its impact on the market should not be underestimated. Before the data is officially released, there is a strong atmosphere of wait-and-see in the market, and this cautious attitude has directly led to Bitcoin's price fluctuating within a very small range, resulting in the current oscillation pattern.

It is worth noting that Bitcoin has been consolidating within the price range of 92,000 - 99,800 for 55 days. Reviewing historical trends, the last time a similar long-term sideways oscillation occurred in a specific range was from December 2023 to February 2024. At that time, Bitcoin oscillated in that range for a full 63 days before breaking the pattern and achieving a directional breakthrough. Although the market is full of variables, historical patterns often hold certain reference value, which has triggered intense discussions in the market about whether this time the trend will replicate the last.

Based on a multi-dimensional analysis of the current market, I personally make the following judgment: In the future trend, the key support level of 92,000 USD is very likely to experience a false breakout. This means the price may seem to fall below 92,000 USD, and it could even briefly dip to 90,000 USD, or even temporarily break below 90,000 USD. However, from the perspective of technical analysis and market dynamics, this breakout is likely a washout operation by the main market funds. Once this baiting action is completed, the price will quickly recover its losses. Looking back at past trends, the price recovery process after the first appearance of such a false breakout is often accompanied by a strong bullish rebound, with a rebound range likely between 3,000 - 5,000 USD. In the cryptocurrency market, Bitcoin, as the industry benchmark, often triggers a ripple effect in the market with its significant price fluctuations. At that time, altcoins will also follow Bitcoin's price rebound, experiencing varying degrees of catch-up rally.

For Brother Niu, when the market is filled with panic, and Bitcoin's price shows signs of breaking below key support levels, it may be a left-side trading opportunity worth paying attention to.