CPI exploded, 3.8%, the highest since May 2023. Iran is at war, energy prices continue to rise, and inflationary pressure has not eased.


This logic is straightforward: energy prices rise → CPI doesn't come down → Federal Reserve maintains high interest rates → risk assets come under pressure → BTC declines.
Yesterday, I mentioned that exceeding expectations could test 78k. It hasn't reached that level yet, but Iran is still unsettled, energy prices haven't fallen, and inflation still has support.
The B-tier level isn't cheap at this point, and we haven't seen a bottom yet.
The key is two levels: whether 78k can hold, if it does, it will digest the volatility; if it can't, it will continue downward.
Waiting for the community to update the levels. #BTC $BTC
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin