From the perspective of contrarian investors: Is the rise of Bitcoin before CPI a trap? Analysis of the strategy of "buy expectations, sell facts"
In the ups and downs of the market, smart investors can always find a trace of the truth. Just now, the price of Bitcoin has risen significantly before the upcoming CPI data. This phenomenon is not uncommon in the market and is usually called the "buy expectations, sell facts" operation strategy.

1. What does “buy expectations and sell facts” mean?
"Buy expectations, sell facts" is a common investment strategy in the financial market. Simply put, when the market expects that an important event (such as economic data, policy release, etc.) will bring positive news, investors will buy related assets in advance in order to profit when prices rise after the event. However, the market often reverses when the event actually occurs, because the positive expectations have been digested in advance, and investors begin to take profits, causing prices to fall.