Glassnode Joint Creation: The true trend of Bitcoin can only be determined after the release of CPI data

Odaily Planet Daily News: Glassnode co founders Yann Allemann and Jan Happel reported through their X account Negentropy that on Tuesday, members of the Federal Open Market Committee (FOMC) will give speeches, the Fed chairman will testify, and this week will see the release of US inflation data - two key macro factors that will affect market trends. As Bitcoin attempts to recover the range of $97200 to $98500, the goal of $100000 is not far off. However, until macro data becomes clear, price fluctuations and position liquidation will continue. It implies that the trend before the release of CPI data may be a fake action, and the real market trend will appear after the data is released.