As the U.S. Consumer Price Index (CPI) data for August is about to be released, the cryptocurrency market is at a crucial moment. The market generally expects the August CPI to increase by 2.9% year-on-year, but if the actual data falls below expectations, especially below 2.7%, it could significantly increase the likelihood of a substantial interest rate cut by the Federal Reserve next week.

However, this expectation is not without controversy. Although tariff policies theoretically drive up prices, companies may choose to absorb costs in the short term, leading to a delayed inflation transmission effect. This impact may gradually become apparent in the future.

In this context, the cryptocurrency market has also presented some potential trading opportunities. Ethereum (ETH) may find support in the range of $4320-$4350, and investors might consider buying within this range, setting a stop-loss at $4300, with a target price of $4440-$4550. Bitcoin (BTC), on the other hand, could be bought on dips in the range of $113000-$113500, with a stop-loss set at $112500 and a target price of $115000-$118000. If the CPI data exceeds expectations, BTC could even challenge the $120000 mark.

In addition, Solana (SOL) is also worth paying attention to, and can be bought on dips in the range of $215-$217, with a stop-loss point at $212 and a target price of $225-$235.

However, investors also need to be cautious of potential risks. If the CPI data deviates significantly from expectations, it could trigger severe market volatility and even lead to liquidation. The Federal Reserve's decisions may also not be as aggressive as the market expects. If key support levels (such as ETH at $4320 and BTC at $112500) are breached, the market may face greater downward pressure.

In light of this, it is recommended that investors remain cautious before the data is released, keeping their positions below 30%, and take partial profits as prices rise. At the same time, closely monitor market dynamics and adjust strategies as needed.