MierTalksCryptocurrency

As of the morning of March 12, Bitcoin's price was still fiercely competing around the 70,000 level, but short-term volatility has clearly increased. Over the past 24 hours, the price has experienced large fluctuations, oscillating widely between 69,000 and 71,700. Such repeated fluctuations usually indicate serious disagreements between bulls and bears at this level. Ten minutes before the CPI data release, we observed that the forecast and deviation values were not significantly different. We took a small long position at around 70,000. After the data was released, the price instantly surged