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

ME News Report, April 8 (UTC+8), Xinhuo Research Institute’s latest analysis indicates, “This week, Bitcoin (BTC) briefly rebounded above $72k. We believe it is still in a ‘high cost-performance zone.’ Recently, the US-Iran ceasefire agreement has boosted market risk appetite, and the fear index has moved out of the ‘extreme panic’ range. Meanwhile, leading digital asset custody companies have made large-scale acquisitions, showing 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 anticipates that the Federal Reserve will keep interest rates unchanged in April; policy-wise, close attention should be paid to the progress of the US “CLARITY Act.”
Technically, BTC’s rebound has already reached short-term resistance; if it can hold above the critical level of $71,500, a larger rebound could be initiated.
Overall, the current prices of BTC and ETH still fall within the “high cost-performance” allocation zone. (Source: Foresight News)