Gu Jingci: Sideways movement, sideways movement, continue sideways movement

Bitcoin/Ethereum has been trading sideways for some time now. Will this sideways movement continue until the CPI data release next Wednesday at 8:30 PM? That would be interesting. Next week's data is unlikely to be good; we'll see if it's a case of the negative news fading and a rebound. During this sideways movement, pay close attention to the daily highs around 65500 and the area around 1950. If a valid breakout and hold above these levels doesn't occur, short positions should be taken, and patience is needed to wait for the price to fall. A series of factors, including record highs in US stocks, ongoing US-Iran conflict, a recent surge in gold prices, persistently high inflation, and the upcoming midterm elections, suggest that the price may experience another drop. However, it's still necessary to focus on trend trading.