The unadjusted CPI annual rate in March was 3.5%, higher than the expected 3.4%, the highest level since September 2023. With higher inflation, the US dollar index will rise, and will gold and Bitcoin fall? After the CPI data was released tonight, this wave of market came very suddenly, causing some panic in the market. Many friends began to curse. This fluctuation is indeed very normal in the currency circle. We have to get used to it slowly. $BTC #大盘走势 In the long run, Bitcoin's trend has maintained a strong upward momentum. Both the monthly and weekly lines show that it is in a clear upward channel. In particular, the monthly line has closed positive for 7 consecutive months, showing the strength of the market. If nothing unexpected happens, the monthly line is expected to complete the feat of 8 consecutive positives, further consolidating Bitcoin's upward trend. In the short term, market news is not optimistic. In particular, the price of Bitcoin has fallen below the 70,000 mark in the past two days, which has aroused market concerns. Next, we need to pay close attention to whether Bitcoin can quickly regain its lost ground. If the rebound fails, the price may further hit the support range of 69,000 to 66,000. But rest assured, despite the short-term market fluctuations, the long-term market trend is still very likely to be upward.

At present, the range of Bitcoin's fluctuations is roughly between 65,000 and 70,000. As long as the price fluctuates within this range, it provides us with an opportunity to sell high and buy low.

At the same time, we should also pay attention to the key points of the market, especially the range of 71,600 to 72,000. Once Bitcoin successfully breaks through this key point, the upward space will be further opened, and we are expected to see the price climb to the range of 75,000 to 80,000.

Therefore, tonight's pullback can be regarded as a confirmation process of the market's retracement before the pull-up, which is a manifestation of the market's fixed-point blasting and leverage washing.

If nothing unexpected happens, Bitcoin is expected to soon regain its footing above the 70,000 mark and continue its upward pace. In this process, we need to remain calm, analyze market trends rationally, and seize every opportunity.

In addition, there may be a wave of correction in May. After all, according to the old rules, there will always be a correction after Bitcoin is halved. The market needs a shock cycle to confirm the cost price of Bitcoin.Once consensus is reached, this round of bull market will begin.

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