10x Research: Bitcoin may have failed to break through due to the nervousness on the eve of the CPI announcement, but it does not mean that the trend has reversed

According to BlockBeats, on April 10, Markus Thielen, founder of 10x Research, said in an interview with Coindesk that investors do not need to over-interpret Bitcoin's recent failure to break through. This failure to break through may represent the nervousness before the release of the US Consumer Price Index (CPI). The Nasdaq index, which is dominated by technology stocks on Wall Street, rose on Tuesday, providing positive signals for Bitcoin and other risky assets. In other words, Bitcoin's decline may be short-lived. BlockBeats Note: The US Bureau of Labor Statistics will release the March 2024 CPI data at 20:30 tonight Beijing time.