Bitcoin: Given that the U.S. CPI index data was released below estimates, this result indicates that inflation is relatively stable. Under this circumstance, the market's expectations for the Federal Reserve to cut interest rates have increased significantly, and investors' risk appetite has increased significantly. Since Bitcoin is often seen as an effective tool to hedge against inflation and obtain high returns, its price is expected to be driven up in such a market environment. It is speculated from this that Bitcoin is very likely to see a corresponding upward trend in the evening.
From a technical analysis perspective, the upper pressure level is near 101900. You can consider adopting a short position strategy on the left near the 101900 position, and set the stop loss at 102700. Since there is a large price space below, the expected target price can be lowered to 100,000.
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