CPI expectations rise to 2.7%, can the crypto market withstand the 'black storm'?
Current market sentiment is shrouded in gloom, with widespread expectations that the US CPI will rise to a high of 2.7%. If this expectation comes true, it is likely to bring no positive comfort to the market; conversely, if the actual data is lower than expected, it could become a shot in the arm for the crypto market, significantly boosting investor confidence.
Despite Bitcoin's recent disappointing performance, seemingly under a severe bear market attack, the ETF bigwigs on Wall Street have not recoiled; instead, they see this drop as a rare opportunity to buy the dip, rather than a warning signal to escape. This inevitably leads one to ponder that we should not easily jump to conclusions about the current market situation, lest we misjudge the true intentions of the market.
This sharp decline is more like a self-purification of the market, releasing risks by clearing leverage, and building momentum for future rises. Just as a rainbow appears after rain, the market may welcome a more robust upward trend after this consolidation. Therefore, in the face of market fluctuations, we should maintain calm and rationality, examining and analyzing with a more professional perspective, so that we can ride the waves in the crypto world and move forward steadily.
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