Why does the market fall?

Bitcoin led the market down 3.8% ahead of the release of U.S. CPI data, triggering a $200 million sell-off on Binance. Analysts predict a possible short squeeze and altcoin decline. Uncertainty in the market and higher-than-expected CPI data led to a sell-off in the market, especially in altcoins like Cardano, Dogwifhat, and Notcoin. After the CPI data is released, market supply pressure may ease, providing an opportunity for assets to rebound.

Focus

1. Higher-than-expected CPI data typically leads to a sell-off in the cryptocurrency market as people fear aggressive interest rate hikes.

2. Bitcoin tends to fall before the CPI announcement and may reverse later.

3. Cardano price fell below the symmetrical triangle support line and may continue the downward trend.

4. Dogwifhat price has corrected significantly in the past two weeks and may lose support.

5. Notcoin price retreated 47% from resistance and may fall further.

6. After the release of CPI data, market supply pressure may ease, providing opportunities for asset rebound.

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