As soon as the CPI data came out, Bitcoin briefly rose and then quickly fell. This situation of "good news did not lead to a big rise" was actually caused by the dealer behind the scenes.
1. Before the CPI data was released, Bitcoin had already risen to a certain extent. This shows that market participants had anticipated the favorable CPI data in advance and made arrangements. After the data was released, the good news had been reflected in the price, so there was no further upward momentum.
2. The dealer pushed up the price before the CPI data was released to attract more retail investors to enter the market. When the data was released, the price rose briefly, attracting more chasing orders to enter, and the dealer quickly shipped, causing the price to fall. This operation can achieve profits in a short period of time.
3. Even if the data is favorable, some investors may choose to take profits when the good news is realized, resulting in selling pressure after a brief rise. There is an investment strategy in the market that is "buy expectations and sell facts", that is, buy when good news is expected and sell when good news is realized.
4. Market sentiment changes instantly after the data is released, especially in the current highly volatile market environment. In addition, technical pressure points (such as 62,500) may also suppress further price increases in the short term, leading to a rapid decline after a pull-up.
5. Although the CPI data is positive, other macroeconomic factors (such as the Federal Reserve's monetary policy, international tensions, etc.) will also have an impact on the market. When market liquidity is insufficient, even if there is good news, it may not be able to continuously drive price increases.
