Viewpoint: The crypto market's response to economic data is dominated by skepticism

News on March 13, Adam, a macro researcher at Greeks.Live, posted on the X platform that despite positive CPI data (2.8%, expected 2.9%), the group generally holds a bearish view of short-term market prospects. Traders are focusing on Ethereum's key support level near $1900 and discussing possible bottoms for Bitcoin, with some suggesting that the $60,000 level could be a downward target. The market's reaction to economic data is dominated by skepticism. The market quickly gave back gains brought about by good CPI data; traders pointed out "there are no more favorable factors for Americans"; some believe tariffs and inflation have greater impact on the market than geopolitical events such as Ukraine peace agreements; there is general consensus that remaining weak chips need to be sold off before an upward trend can resume, indicating panic selling in the market has not ended yet; Ethereum was described as "highly pressured garbage", although overall sentiment is negative but still has potential for rebound; some traders plan to temporarily exit and choose to "wait for 5 years and gradually accumulate" rather than actively trade in current market conditions.