Just two sentences—no more.

First, macro still determines the big-picture direction. The Federal Reserve’s stance and rate-cut expectations are the core variables that set the long-term tempo of this “big pie.” News can bring volatility, but in the end, the trend depends on how capital prices it.

Second, from a technical perspective, focus on the key levels. BTC’s most important level right now is 64,500. If it can’t stand above it, the prior high overhead pressure remains, and there’s still room for a pullback in the short term. Don’t see a single bullish candle and start shouting “the bull is back,” and don’t see a single bearish candle and panic. The market is played out—not guessed. $BTC $ETH #美国核心CPI未达预期