Bitcoin has experienced severe fluctuations recently due to war-related news. Following the release of a ceasefire proposal for one month by the US in the early morning, the downward trend quickly reversed, and the price has now rebounded and stabilized at the key level of 70,000.

On April 10, the March CPI data will be released. Supported by high oil prices and commodity prices, the data is likely to be strong, presenting risks of a sharp pullback; however, institutions may complete profit-taking through long-inducing before negative news materializes.

Bitcoin's short-term structure shows a pattern of bottoming and rebound. If it breaks through 71,300 today, it is expected to break out of the recent week's consolidation range of 68,000-71,000, with an upside target of 72,500, a level that has been emphasized multiple times before.