@aoligei0
The latest US CPI data exceeding expectations has triggered concerns about the Federal Reserve further tightening monetary policy. The expected tightening of liquidity has put pressure on risky assets in general. Although Bitcoin has a hedging property, it is also difficult to be immune in the short - term under macro - economic pressure. Regarding the MACD indicator, if a bearish crossover occurs, it means that the short - term downward momentum is strengthening; if the RSI indicator drops below 30 into the oversold zone, it may suggest that the price has fallen too much and there is a demand for a rebound. Overall, the price of Bitcoin is likely to decline in a volatile manner in the coming week. If the oversold situation is severe, there may be a technical rebound, but the overall upward space is limited.
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