Bitcoin drops below 89,000! The market holds its breath awaiting two major storms 🚨
Bitcoin is consolidating below $89,000, and market sentiment has turned cautious. Everyone is waiting for tonight's U.S. CPI inflation data and tomorrow's Bank of Japan interest rate decision. These two events will directly affect global liquidity expectations and the movement of the dollar, thereby determining the short-term direction of the crypto market.
Traders are cutting their risk exposure, and volatility may surge. This is not panic, but the calm before the storm.
💡 Key Insight: If the data shows stubborn inflation (hawkish), it may pressure risk assets in the short term; if the Bank of Japan shifts towards tightening, it will withdraw global cheap yen funds. Both pose headwinds for Bitcoin. However, the long-term narrative remains unchanged; corrections may present opportunities.
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