The CPI data released tonight is the core variable affecting the Fed's interest rate cut expectations for next week, which will have a decisive impact on the subsequent market direction. Currently, the market is performing steadily before the data release. Although it experienced a rise yesterday boosted by the recovery of PPI, it is necessary to be cautious: whether this wave of market movement has already priced in optimistic expectations or suggests that the CPI will continue on a positive trend.

From the intraday trend, Bitcoin previously faced resistance and fell back at the 115000 mark, moving up in volume to 114400 around 113600 during the day, and is currently maintaining a volatile consolidation near 114000.
The evening CPI combined with unemployment benefits is coming with a shock. If you can't grasp it, you can choose to stay in cash.
I personally suggest to short Bitcoin around 115500 on the rebound, looking down to 113000#CPI数据来袭 with PPI data coming. #Fed rate cut expectations rising