Last night, the CPI data met expectations, and the market's anticipation of a rate cut in March heated up. Bitcoin took the opportunity to rally, which is like a bubble suddenly surfacing in the water—just a short-term slip-up, not a big fish.
This wave is only a rebound, not a reversal. The overall trend remains downward. The news can only stir the surface but can't change the overall direction. Don't shout 100,000 when it rises, or look for 40,000-50,000 when it falls. Chasing gains and selling on dips is the easiest way to get left behind.
Currently, Bitcoin faces resistance at 69,450. Cons
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