A word from the Fed, and Bitcoin went crazy! Is the target of 120K a dream?

As soon as the CPI data is released, the market immediately switches its mood:

Inflation decrease = Interest rate cuts possible = BTC and gold soar.

This wave of data released by the Americans has once again made the market smell the scent of 'easing,' and Bitcoin immediately surged to 105K, with gold rising in sync, while the dollar is being pressed down.

With the easing of tensions between China and the U.S. and a rebound in global risk appetite, BTC firmly stands at 100K, with the next stop aiming for a new high!

📈 Quick overview of Bitcoin market:

Yesterday rebounded from 100,600 USD, surged to 105,000 USD;

Currently retraced to around 103,500 USD, showing a high-level oscillation trend.

In summary:

When it rises, everything is 'bullish,' and when it falls, everything is 'bearish'—this is the truth of the Bitcoin market.