According to BlockBeats, Markus Thielen, founder of 10x Research, said in an interview with Coindesk that investors do not need to over-interpret Bitcoin's recent failed breakthrough. He believes that this failed breakthrough may represent nervousness before the release of the US Consumer Price Index (CPI). At the same time, Wall Street's tech-heavy Nasdaq index rose on Tuesday, providing positive signals for Bitcoin and other risky assets. In other words, Bitcoin's decline may be short-lived. The U.S. Bureau of Labor Statistics will release CPI data for March 2024 at 20:30 tonight Beijing time.
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