Matrixport: If the CPI data exceeds expectations, it may challenge the market's expectation that the Federal Reserve will cut in
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最新报道：According to a daily chart analysis released by Matrixport, Bitcoin is breaking out of its triangle consolidation pattern. Despite a strong performance during the Asian trading session, selling in Europe and the US offset some of the gains. As long as prices can hold above $116,817, this remains a tradable breakout, with the trend biased to the upside. If Consumer Price Index (CPI) data exceeds expectations, it could challenge market expectations of two Federal Reserve rate cuts this year. We believe such a challenge is reasonable, but given the seasonal weakness, prices are likely to rise only gradually rather than accelerate parabolically. Funds continue to flow into the cryptocurrency market through various channels, and patient investors are likely to be rewarded this year.
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