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Decisive battle for CPI!!! Big moves are coming! Don’t look at the market being dead now; once the CPI data is released at 8:30 tonight, the direction will be clear. Previous value 3.8%, forecast 4.2%, the probability of data exceeding 4.2% is close to 50%. As soon as it hits, six figures will be paper-thin, and it will directly smash through 57,900 to 59,000.
Even if it meets expectations, there’s no hope; it will just oscillate and decline. Only if it’s below 3.8% can there be a fake rally to 63,000-64,000, but that’s also an opportunity to run, not to chase.
Don’t ask about longs or shorts, the answer is that the high positions have already been set long ago. The best approach tonight: don’t gamble before the data, wait for the first needle $BTC to come out after the data before acting.