Has the crypto market escaped danger? Here is some good news and some bad news.👇

1. Good news: Bad news didn't lead to a drop but instead an increase, a strong signal.

Yesterday, the Michigan data was negative, but the crypto market only experienced a slight dip before breaking through previous highs. The rise despite negative news indicates that the market is tired of falling; negative news has already been priced in, which is a good sign.

Of course, the rise yesterday was also stimulated by the Russia-Ukraine ceasefire, but a rebound is still a rebound. The market is sensitive to good news, ignoring the bad.

2. Bad news: Bitcoin has not truly escaped danger yet; it still needs a little more.

Bitcoin broke through the previous high of 85,000 but has slightly dipped back again, so we cannot be too optimistic.

Now we are watching whether the U.S. stock market can pull up again on Monday, allowing Bitcoin to truly close above 85,000, thereby confirming the rebound and aiming for 95,000 or even higher.

I think the opportunity is quite large; after all, it has dropped 30%, so a rebound is due. We will closely monitor the movements of the U.S. stock market on Monday.

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