Glassnode Lianchuang: The real trend of Bitcoin can only be determined after the CPI data is released

Odaily News Glassnode co-founders Yann Allemann and Jan Happel reported through their X account Negentropic that on Tuesday, the Federal Open Market Committee (FOMC) members will speak, the Fed Chairman will testify, and the US inflation data will be released in the middle of the week - two key macro factors that will affect market movements. As Bitcoin attempts to reclaim the $97,200 to $98,500 range, the $100,000 target is not far away. However, price fluctuations and position liquidations will continue until the macro data is clear. It suggests that the trend before the CPI data release may be a false move, and the real market movement will appear after the data is released.