🔥🔥Hot News! 10x Research recently published a post suggesting a tactical bullish position when Bitcoin was trading at $56,746 on July 6, predicting that a rebound from a rate cut could push Bitcoin to around $60,000. 💹💹

Yesterday, Bitcoin rebounded to $59,350 due to short covering ahead of the CPI announcement, perfectly matching the rebound expectations. 📈📈

However, this week's CPI report is quite complicated, as falling expectations have led to a +5% rise in short covering. 💰💰

Traders, take note! Trading based on data releases and events requires a deep understanding of changing market expectations and changing positioning, and large fluctuations depend on unexpected factors and traders' positioning. 🎯🎯

Let's look forward to the future of Bitcoin together! 🚀🚀