Bitcoin has reached $81,000. The day before yesterday, we experienced a Black Monday, with the US stock market suffering its largest drop in three years, which also dragged down the crypto market. Currently, there is a slight recovery, but ETH seems weaker than BTC.
Last night, the US stock market dropped initially, but fortunately, it rebounded a bit later.
In the past few weeks, BTC has been rising during the day, and as the US stock market opens in the evening, BTC starts to fall, indicating a high correlation between the crypto market and the US stock market.
Next, we will see the CPI released at 8:30 PM tonight.
The expectation is 2.9%, and if it comes in lower than expected, it will be a huge positive for BTC, which could break through $90,000.
If the CPI is negative, both the US stock market and the crypto market will likely experience another drop.
We need to prepare for extreme situations where BTC could fall to around $76,000.
Currently, there is still over a 50% chance of a negative outcome, as Trump's tariffs have led people to rush to buy goods in advance, which could result in higher prices.
But in any case, in the near term, both BTC and altcoin prices are at a low level, making it worth holding and gradually accumulating in anticipation of a market recovery.
