The CPI data of the United States was released lower than expected. Why did Bitcoin plummet?

Last night, before the release of the U.S. CPI data, Bitcoin briefly rose to around 61,800. After the data was released, it was lower than expected. The interest rate cut in September is a foregone conclusion. It is a question of whether it will be reduced by 25 or 50 points. It is good news, so why would the dealer choose to dump the market at this time? Because the liquidity of the currency circle is very poor now. After the last drop to 49,000, the dealer took a large amount of goods and quickly pulled it up to above 62,000. It pulled too fast. There is no buying below. The release of the good CPI data can make the leeks bet on the market after the interest rate cut, and they will choose to keep bottom-fishing. This hits the gun of the dog dealer, and the bottom-fishing goods are dumped to the leeks at around 60,000. Most of the dealer's operations are anti-leek, so the good news may fall, and the bad news may not fall much and rise quickly, and it is necessary to fight wits and courage with the dog dealer.

Back to today's analysis, from the K-line, the 1-hour level is a downward trend, but it seems to have stopped falling. The 4-hour level is a downward trend, and the 12-hour level has just entered a downward trend. At the daily level (if it does not recover to 59435 today), it will enter a downward trend. The intraday pressure level is 60400 and the support level is 56200.