Bitcoin and Ethereum have recently fallen into a "weak consolidation in a downtrend," in other words, the bears haven't fully let go yet. Although there are conditions for a short-term rebound, the medium-term outlook still looks very risky.

In the next couple of days, five major financial events will be announced, with the most significant being the US CPI data at 9:30 PM tonight—if the data exceeds expectations, it will directly continue to decline; the Bank of Japan's interest rate decision at 11:00 AM tomorrow is also crucial, likely to raise rates, which is also bearish.

The current low-volume oscillation essentially involves three forces pulling against each other: the downtrend is not over, short-term oversold conditions, and macroeconomic data has yet to settle. The result is this silent standoff.

In the medium to short term, the trend still leans downward. Bitcoin will first test the $80,000 support, and if broken, look at $74,000. Ethereum's key levels are $2,350 and $2,000. However, the price is already oversold now, so bold traders might consider bottom fishing. The question is, do you dare to take this position?