February 14 Market Dynamics: Bottom Support Rises

Yesterday's CPI data brought good news, effectively enhancing the market's expectations for cumulative interest rate cuts throughout the year. As a result, the cryptocurrency sector experienced a broad-based rebound, recovering the losses from the previous two days.

From a technical perspective, this pullback has formed a higher low, successfully raising the bottom support from the 60,000 level to around 65,000. The subsequent trend is expected to create new highs, with a target anticipated to reach around 74,000. Currently, BTC's oscillation rebound trend from February to March has officially begun.

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