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The CPI data is coming tonight—can Bitcoin hold up?
Tonight at 20:30, the US CPI will affect the market: the expected year-over-year figure is 4.2%, the highest in three years, and rate-hike expectations have already been priced into the bond market.
If it comes in below expectations, it’s a positive for the data: the bulls get a repair-and-rebound window.
If it comes in above expectations, it’s negative for the data: the bears regain momentum, and there is still room for downside even from lower levels.
The market is currently in a weak, sideways-to-volatile consolidation—don’t rush to take action. The data is the real watershed. In the evening, we’ll also break down the market and share response strategies!
#Gate直通IPO认购SpaceX $BTC $ETH