New Fire Research Institute: BTC rebounds above $72k, still in the "high cost-effectiveness zone"

ME News Report, April 8th (UTC+8), Xinhuo Research Institute’s latest analysis indicates, “This week, Bitcoin (BTC) briefly rebounded above $72k, and we believe it is still in a ‘high cost-performance zone.’ Recently, the US-Iran ceasefire agreement has boosted market risk appetite, with the panic index moving out of the ‘extreme panic’ range, and major digital asset custody companies have shown large-scale increased holdings, indicating that institutional buying demand remains strong.”
On the macro level, driven by rising oil prices boosting inflation expectations and US employment data exceeding expectations, the market generally expects the Federal Reserve to keep interest rates unchanged in April; policy-wise, it is recommended to closely monitor the progress of the US “CLARITY Act.”
Technically, BTC’s rebound has already reached short-term resistance; if it can stabilize above the key level of $71,500, it may trigger a larger rebound.
Overall, the current prices of BTC and ETH still fall within the “high cost-performance” allocation zone. (Source: Foresight News)