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Tonight’s CPI
Previous value: 3.8, forecast: 4.2
Inflation is not expected to be low
The likelihood of interest rate cuts is very small
Yesterday, the Federal Reserve reverse repo operations will continue to reduce its balance sheet
Liquidity remains tight and is still locked down
Right now, Bitcoin is below 58,000
There aren’t many positions that need to be liquidated
In the short term, if it falls below 60,000
It may stabilize near 58,000