US January CPI below expectations, Bitcoin surges to $69,000, less than 10% chance of rate cut in March

According to Ha Shilian, after the release of the US January overall CPI data, Bitcoin briefly surged past the $69,000 mark, rising about 4% at one point and reaching a high of $69,190.
However, CME FedWatch data shows that the probability of a 25 basis point rate cut in March remains below 10%, and the expectation of easing has yet to form a consensus.
In the market, the $68,000–$69,000 range is seen as a key resistance zone, close to the 2021 all-time high and near the 200-week moving average. If it can hold steady, it may form a “higher low” structure, but the overall trend remains cautious.
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