Tonight, the PPI annual/monthly rate expectations are both below previous values, and before the data release, market expectations are for cooling inflation, which is positive for Bitcoin and likely to boost bullish sentiment.

In line with expectations: Data below expectations and lower than previous values, the Fed's rate hike expectations cool down, the dollar weakens, and Bitcoin is expected to continue its rebound, testing the high of 75,000.

Exceeded expectations: Data surpass expectations, inflation stickiness exceeds expectations, the Fed's rate cut expectations are delayed, the dollar strengthens, and Bitcoin may quickly retest support at 73,500.

Positive: Light long positions on dips to 73,500-74,000, targeting 74,800-75,300.
Negative: Short positions on rebounds to 74,800-75,300, looking at 74,000-73,500.