New Fire Research Institute: BTC rebounds above $72k, currently 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 the ‘high cost-performance zone.’ Recently, the US-Iran ceasefire agreement has boosted market risk appetite, and the panic index has moved out of the ‘extreme panic’ range. Meanwhile, leading digital asset custody companies have seen large increases in holdings, showing that institutional demand for buying 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, 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 key level of $71,500, it may trigger a larger rebound.
Overall, the current prices of BTC and ETH remain in the “high cost-performance” allocation zone. (Source: Foresight News)