All data is very bearish, why aren't BTC and ETH falling?
The crypto world is no longer in an era where data release days determine life and death! This is a comment this afternoon regarding fans' excessive faith in data.
1. Now that the data has been released for an hour and a half, after a pullback, it immediately surged to a new high, with BTC breaking 110,000.
2. The significance of tonight's data is merely to bring the July 20% interest rate cut expectation close to 0, with no other impact; the current market price is a natural reaction to all expectations.
3. Currently, both retail investors and large investors are shorting, but the main players and market makers are going long; once the short squeeze ends, the price will naturally fall back.
