Tonight at 8:30, there will be CPI data. With BTC having fallen to this level, the impact from economic data has already been quite good. In theory, it’s basically dead bullish news—it should go up—but the market maker will cause trouble at this point, inserting needles back and forth. This is a consistent technique!

Waller jumped in and said they should raise rates. I think that’s a smokescreen. Previously, when oil prices were high, they didn’t talk about raising rates. Now that things are generally stable, he says they should raise rates, and Worsh hasn’t reached such a conclusion. I think the probability of a rate hike is not high, but it also won’t turn into a rate cut.

Overall, the direction is still bullish. Yesterday, the ETFs sold out more than 6,000, and BTC only dropped about 1,200 points. The buy-the-dip support below is still very strong.

When the live stream at 9:00 tonight starts, let’s see how the market moves on the chart.