Last night, Bitcoin rebounded rapidly after hitting $59,000! CPI and employment data deteriorated again

Bitcoin hit a low of $58,935 at midnight, the lowest since September 17, and Ethereum hit $2,330. However, they have rebounded quickly and made up for the previous decline.

Bitcoin fluctuated at the $60,000 level for a long time last night, and continued to fluctuate and fall after midnight today (11), hitting a low of $58,935 at 2 o'clock, the lowest since September 17.

However, Bitcoin rebounded rapidly afterwards, and the current price is $60,628, and the decline in the past 24 hours has narrowed to 0.22%. Does this mean that the main force has obtained liquidity and re-entered the bullish stage? It remains to be seen.

For Ethereum, the trend is close to Bitcoin, and it hit $2,330 earlier. At the time of writing, it was reported at $2409, and it has risen by 0.3% in the past 24 hours.

As for the reason why Bitcoin fell and pulled back quickly, it may be related to the two economic data released by the United States last night:

The U.S. CPI rose 2.4% year-on-year in September, which was lower than 2.5% in August, but slightly higher than the market expectation of 2.3%; the number of first-time unemployment claims in the United States last week was 258,000, an increase of 33,000 from the previous week, which was also higher than the market expectation of 230,000.

The big bull market may be coming soon. I plan to lay out some tokens that are about to receive good news, and also look for some currencies with long-term potential to hold until the end of the year. Friends who play spot can leave a message 1 to get my latest strategy and detailed points!

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