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30 Seconds to Understand: Last night’s Bitcoin, CPI sell-off is just giving away chips!
Last night’s script was too clear: CPI data exceeded expectations, directly dropping to 79,800, scaring out all the floating chips. But the bears couldn’t push it down at all, large funds bought in overnight, ETF continued to support, a long wick directly brought it back above 80k.
Don’t be fooled by short-term fluctuations! 80,000 is the strong bottom, negative news landing is just a shakeout, closing steadily at 80,287, bulls win completely. Now it’s just building strength at high levels, clearing out uncertain chips, preparing for the subsequent push to 83,000.
One sentence: Sell-off = buying opportunity, hold onto your chips, don’t get shaken out! $BTC $ETH #Gate广场五月交易分享