After the CPI is implemented, the real game is next week

Tonight's CPI data, with an overall 4.2%, has already been largely priced in by the market, making it a "clear signal." The actual number isn't that important anymore. What truly matters is: how the market interprets it—can we see a clear cooling signal in core inflation?

In the current macro environment, "interest rate hike expectations" remain the main theme. Any sign of slightly stronger data is easily amplified into a new source of pressure.

So tonight is just the appetizer. Next week's FOMC is the real highlight—

The dot plot will provide the key answer: will there be room for rate cuts in 2026? Or will the number of rate hikes be more than the market expects?

From the market structure perspective, Bitcoin is still stuck testing the 61,000-62,500 range repeatedly. In the short term, neither bulls nor bears have enough momentum to break through, indicating that big funds are also waiting—waiting for the CPI to be released, waiting for the FOMC to set the tone.

At this "data and meeting intertwined" juncture, the core of short-term trading is not betting on the direction, but controlling positions, lowering expectations, and surviving until next week.

Only when the dot plot's cards are revealed will the market's true direction become clear. #美国 #CPI