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Tonight at 8:30 PM, the US CPI data will be released, which will have a significant impact on Bitcoin and Ethereum prices.
In simple terms, if the CPI data is below expectations, the expectation of interest rate cuts will increase, the US dollar will weaken, and Bitcoin will experience a rebound; if it exceeds expectations, with rate hikes or delayed rate cuts, the US dollar and Treasury yields will strengthen, and Bitcoin will decline; if it meets expectations, Bitcoin will experience short-term volatility, and it will depend on the Federal Reserve's statements and subsequent data. #特朗普5月13日访华