Despite the favourable CPI data, Bitcoin has still not been able to break through the current range. Currently, BTC is oscillating between $118,000 and $116,000, forming a key support area. As long as it does not fall below this range, Bitcoin still has the potential to rise. However, if it falls below $116,000, investors need to closely follow the next support level near $112,000.

Meanwhile, Bitcoin's consolidation has created opportunities for Ethereum and other altcoins. These cryptocurrencies are experiencing a wave of catch-up rally, attracting the market's attention.

In the short term, investors should continue to follow whether Bitcoin can hold the key support level of $116,000. The performance at this price point may determine the direction of the upcoming trend. Although Bitcoin is currently in a state of fluctuation, the overall activity in the cryptocurrency market seems to be increasing.

In the current market environment, investors need to stay vigilant and closely follow the trend changes of major coins. Although Bitcoin's performance is flat, the performance of other coins may bring new investment opportunities and challenges to the market.