Bitcoin: Given that the U.S. CPI index data was released lower than expected, this result indicates that inflation is relatively stable. In this context, market expectations for the Federal Reserve to cut interest rates have significantly increased, and investors' risk appetite has notably risen. Since Bitcoin is often seen as an effective tool for hedging against inflation and achieving high returns, its price is expected to gain momentum and rise in such a market environment. Therefore, it is speculated that there is a high likelihood of a corresponding upward trend in Bitcoin's price in the evening.
From a technical analysis perspective, the upper resistance level is around 101900. It may be considered to adopt a left-side short strategy near the 101900 position, with a stop-loss set at 102700. Due to a significant price space below, the expected target price may look down to 100000.
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