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Recently, the cryptocurrency market has seen a rebound, with Bitcoin's price rising from a low of $110,000 to $116,000. However, this upward trend may not be stable, and investors need to remain vigilant.
The latest economic data has had a significant impact on the market. Last week's non-farm payroll report put pressure on the bulls, and although it did not trigger a sharp decline, a downward trend has begun to emerge. The PPI and CPI data released on Wednesday and Thursday of this week have driven a market rebound, with some investors starting to regain hope for the return of a bull market.
However, this rebound may just be the market digesting expectations in advance. The upcoming decision from the Federal Reserve could become a turning point for the market. Therefore, the current rise may be the last exit opportunity for bullish investors.
In this uncertain environment, investors should act cautiously and avoid blindly chasing highs. After the Federal Reserve's decision, the market direction may change significantly. For investors in Bit coin and other encryption currencies, it is crucial to remain calm and rational, closely monitor the macroeconomic situation and regulatory trends, and prepare for various possibilities.
Regardless of how the market changes, risk management should always be at the core of investment strategy. In this ever-changing encryption currency market, maintaining a cautious and flexible attitude may be a wise choice.