When it rises, it's all good news; when it falls, it's all bad news.

As soon as the US CPI data was released, the core logic can be summed up in one sentence: Inflation pressure eases = increased expectations for the Federal Reserve to cut interest rates. Once the market catches a whiff of interest rate cuts, it will again drive up gold and BTC while suppressing the dollar.

Especially with the recent easing of US-China relations and the gradual recovery of global risk appetite, BTC has now stabilized above the 100K mark; the next target should be first ATH, then 120K.