Bitcoin short-term volatility surged due to geopolitical conflict disturbances. Following the U.S. ceasefire signal released in early morning, the bearish trend quickly reversed, with prices stabilizing and recovering above the critical support level of $70,000.

The March CPI data will be released on April 10. With elevated international oil prices and sticky inflation providing support, stronger-than-expected data probability is higher, presenting staged selling pressure risks in the market; institutional funds may complete high-level distribution ahead of negative catalysts through rallies.

Technically, the structure shows a bottoming-out and recovery pattern. If there is an effective breakthrough above $71,300 intraday, it is expected to break the recent week's oscillation range of $68,000-$71,000, with upside target looking toward the previous key resistance level of $72,500.$BTC $ETH $SOL