$BTC From on-chain data, slightly bearish
In the last 48 hours, stablecoins flowed out of exchanges,
BTC flowed into exchanges, approximately 7000,
The ETF buying power is not strong.
Today, the main focus is on the CPI release at 9:30 PM,
The expected value is 2.90%, with three scenarios.
(1) Significantly higher than expected is bearish, BTC will have a pullback of about 3%,
BTC will drop to around $94,000, and then after today's fluctuations, it will rebound,
Subsequent market conditions will likely struggle for significant increases,
Unless a certain state in the U.S. passes a state-level strategic reserve bill to start buying coins.
(2) If below expectations, BTC will first return to 100,000,
And the altcoin market will also recover quickly afterward.
(3) If around expectations, the market will not have significant fluctuations,
BTC will slowly return to 100,000
