The release of US January CPI data, which indicated worse-than-expected inflation, caused Bitcoin's price to decline by 3% in just 15 minutes. Ethereum and Solana also experienced drops in their prices. The market response to the inflation data suggests that the next interest rate cut may occur in December, rather than September. Investors are currently anticipating that the Federal Reserve will keep interest rates steady at its next meeting in March. An analyst warned that if the support level of $92,000-$94,000 is broken, there could be a significant selling wave and further price decline. However, the analyst also noted that there are large buy orders between the current levels and $98,000, indicating the potential for a quick recovery.



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