Today's homework is easy to do. There are too many hot topics, and the focus may be on today's V reversal. This is also a question that many friends are puzzled about. Although today's CPI data is very poor, BTC's price even fell below $95000 at one point. Why did it start to rise after three hours, and even break above $97000 at its highest point. I looked at the corresponding rise time, and although Bitcoin slowly rebounded along with the US stock market from 0:30, there was no increase in volume. This stage should be when investors' transitional response to CPI began to slow down. From the K-line chart, it can be clearly seen that the selling pressure is decreasing, and at 0:55, the trading volume suddenly increased. This kind of rise is usually accompanied by positive information, and this time the positive information was still provided by Powell. Powell was asked about the relationship between banks and cryptocurrencies during the hearing the next day, and Powell's answer was: We do not want to hinder banks from providing services to fully legitimate cryptocurrency users. When banks conduct cryptocurrency related business on their own, it is necessary for us to ensure a full understanding of the risks involved. On the other hand, we also do not want to intervene excessively, to the point of being too hasty. In fact, many cryptocurrency related activities can be conducted within banks In human terms, this section states that the Federal Reserve has already opened up cooperation between banks and cryptocurrencies, especially after the SEC revoked SAB121. Banks can now begin to engage in deeper cooperation with cryptocurrencies, such as accepting stablecoins, custody of cryptocurrencies, and collateralized lending based on cryptocurrencies. This part of the content is very practical and positive for the cryptocurrency industry. Powell has already given a boost to cryptocurrency (BTC) for the second time. The first time was when he said in his speech that BTC's competitor is not the US dollar, but gold. This sentence directly sent BTC up to above $100000. Today, another sentence is that banks can cooperate with cryptocurrency, which has also made the cryptocurrency market active. So, do you still support replacing Powell? In addition to this message, there is another message that makes BTC slightly higher. It is that Trump has had a long conversation with Putin, which includes "the situation in Ukraine, the Middle East issue, energy, AI, the influence of the dollar and other topics". Among them, Trump has repeatedly said that if he was the president of the United States at that time, the war would not start. Now that the war has begun, it should be ended as soon as possible, and Trump is also "convinced" by Putin. If the Russia Ukraine war can be ended as soon as possible, it must be a good thing for the inflation of the United States, especially for housing inflation. Many building materials in the United States are from Russia and Ukraine, which we will talk about later. So we can see that Trump's access and Putin's cooperation are indeed likely to end the war as soon as possible, which can reduce the inflation of the United States. This is certainly a good thing, and of course, it is also a continuous process. But if you're lucky, you should be able to see it in the first half of the year. Looking back at the data of BTC itself, the turnover rate in the past 24 hours is still very low, almost halved compared to the same period last month. This is also a representative of garbage time, as fewer investors are willing to participate in turnover, and their interest in buying and selling has begun to decline. Moreover, from the data, short-term investors are still the most active in turnover, especially those with costs below $93000, who show little sign of participating in turnover. From the support level perspective, the support between $93000 and $98000 is still very stable, which is also what we have been emphasizing. As long as the support level is not broken, it is difficult to have a significant decline. Now, this statement is also correct. After the CPI data, there will be PPI data tomorrow. After all, the Federal Reserve's main concern is not CPI or core CPI, but core PCE, which can be calculated through core CPI and PPI. Therefore, if PPI data is lower than expected, it will still boost market sentiment. Of course, PPI data is not widely known, so its influence is not as great as CPI. The expected data for PPI is good, but who knows? After all, the expected data for CPI is also good, and the result is surprising. Fortunately, the CPI data has already made everyone aware of the fluctuation of inflation. Even if the PPI data is not very good, the impact on emotions is limited. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex