Analysis: US CPI lower than expected, Bitcoin rebounds to $69000, expectations of interest rate cuts still low According to BlockBeats, on February 13th, after the January CPI data in the United States fell below market expectations, Bitcoin rose briefly and broke through the $69000 mark, rising about 4% at one point, reaching $69190. The data released by the US Bureau of Labor Statistics shows that the core CPI in January increased by 2.5% year-on-year, which is in line with expectations; The overall CPI increased by 2.4% year-on-year, 0.1 percentage points lower than expected, hitting a multi-year low. The cooling of inflation has boosted market sentiment, and cryptocurrency assets have become one of the more prominent risk assets on the day. However, the interest rate market remains cautious about betting on a rate cut by the Federal Reserve at its March meeting. According to data from the CME FedWatch tool, the probability of a 25 basis point rate cut in March is still below 10%, indicating that the market has not yet formed a clear expectation of easing. On the market, the range of 68000 to 69000 US dollars is considered a key resistance area, both near the historical high of 2021 and the location of the 200 week moving average of the index. Some traders believe that if Bitcoin can effectively stabilize in this range, it may construct a "higher low" structure, but the overall trend is still cautious.