📈 Bitcoin's rising channel is formed, and CPI data is about to be released! 📈

Looking at the hourly chart of Bitcoin, it is obvious that it has entered the rising channel, showing a strong momentum. The release of CPI data tonight may become an important factor in promoting its further breakthrough.

About CPI data:

Previous value: 3.3%

Expected: 3.1%

Key analysis:

Positive expectations:

CPI data is lower than the previous value: As long as the CPI data released tonight is lower than 3.3%, it will be regarded as good news.

Expected 3.1%: If the actual data meets or is lower than 3.1%, market confidence is expected to increase significantly, pushing up the price of Bitcoin.

Breaking through the 60,000 mark:

Strong breakthrough: If the data is positive, Bitcoin is expected to break through the psychological barrier of 60,000 US dollars.

Standing at 60,000 US dollars: The key is whether this level can be stabilized after the breakthrough. If it can be stabilized, further upward space will be opened.

Bitcoin's rising channel has appeared, and tonight's CPI data may become a key driving force. Let's wait and see, seize the opportunity and maximize the benefits!

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