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Ladies and gentlemen, at 21:30 tonight, the US CPI data will be released, and this thing's impact on the current crypto market should not be underestimated. Frankly, it essentially determines the mood of Bitcoin and Ethereum in the coming days.
Let's break down the possible three scenarios:
If the data comes out higher than expected, the Federal Reserve's rate cut will be pushed back. The US dollar will surge accordingly, and the enthusiasm in the crypto market will naturally cool down. Bitcoin and Ethereum are likely to undergo a wave of correction. Conversely, if the data is below expectations, the anticipation of rate cuts will strengthen, and there might be another influx of funds. At this point, Bitcoin and Ethereum could have the chance to break through some key levels. If the data just aligns with expectations, the market will be entangled between bulls and bears, with the highest probability of sideways consolidation, and the volatility will be limited.
My advice to everyone is straightforward: don't rush to jump in now. Wait until the dust settles on the CPI data and the market direction becomes truly clear. Then, based on the actual trend, decide whether to go long or short. Only then can you enter precisely. After all, there are often many false signals and emotional fluctuations before and after the data release, and rushing into positions early can easily lead to losses.
Tonight at 21:30, let's wait and see how this data stirs the waters of the market.