Bitunix analyst: The market is overly worried about recession, waiting for the February CPI data to see the light of day, the short-term support level is $80,000, and the short-term pressure level is $85,000
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On March 12, Bitunix analysts stated that previous tariff measures have raised market concerns about rising inflation, and investors are closely watching the US Consumer Price Index (CPI) data to be released on March 12. It is expected that the CPI for February will rise by 0.3%, with a year-on-year increase of 2.9%, higher than the Federal Reserve's 2% target.
The Bit price has been fluctuating violently recently, with support at $80,000 and resistance at $85,000. Investors should pay attention to the upcoming CPI data and the impact of tariff policies on the market, operate cautiously, and avoid blind chasing of highs or plunges.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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