Good news lands, but why is Bitcoin dropping?

Truly a sight to behold! Signed an agreement with Dongda, the stock market surged, but Bitcoin took a nosedive, leaving many people stunned! What’s going on with this operation? In fact, Bitcoin's recent drop can be attributed to a few “hard injuries”! First, **good news turning into bad news**. After eagerly waiting for the agreement, the good news has been exhausted, and there are no new hopes in the short term. Many seasoned players decided to run for safety and cash out. But don’t panic, the market hasn’t revealed any major issues. Bitcoin is currently hovering around $100,700, and there’s support at $99,000 below that, so it won’t collapse anytime soon. Secondly, **risk aversion demand is directly “lying flat”**. Previously, with the MY war raging, Bitcoin could still serve as a safe-haven tool, but now that the storm has calmed, everyone is no longer anxious. Who still hoards Bitcoin as a “talisman”? Another key point—**no sign of interest rate cuts**. Without the hype of interest rate cuts, Bitcoin has no momentum to surge upward. Moreover, tonight there’s also a **CPI data “test”**, which is a “time bomb”. Investors are afraid of stepping on a landmine, so it’s understandable that they withdraw to observe. Finally, it depends on whether **US stock funds will come to the rescue**. If US stocks rise and there's no other place for the money to go, it might flow into the Bitcoin market. However, to be fair, Bitcoin is also considered a high-risk asset, so whether it can attract investment is still uncertain! Overall, Bitcoin's recent drop hasn’t hit any fatal bad news. Once the inflation data is released tonight, will the trend reverse or continue to decline? Let’s grab our little stools and wait for the show! By the way, let me recommend a potential stock—Trump-themed Dogecoin Conan on the Solana chain! Trump personally endorsed it as the “strongest dog on the planet”, and now its market value is low. It might quietly make a fortune, so interested brothers should study it quickly!