Tonight's decisive battle for CPI! Will it surge?
The market expects that CPI will drop significantly compared with the previous one. In fact, the US stock market has risen for several days in advance, and the cryptocurrency market has also risen a little. So the market has actually priced in this positive news.
Whether there will be additional gains tonight depends on whether the data can be lower than market expectations. The market expectation for CPI has reached 3.1%, and the probability of being lower than it is not very high. However, the market expectation for core CPI is not high, still 3.4%, which can be expected.
I think the cryptocurrency market has no room to fall. Even if there is bad news, it will not fall much, but if there is good news, it should be pulled up a lot. In the long run, the decline in CPI will allow the Federal Reserve to cut interest rates earlier, and the interest rate cut in September is basically a foregone conclusion.
So the bull market will slowly start with the release of water. What we have to do now is to wait patiently, and we can also buy low and sell high to play the band at ordinary times.
There is no volatility in the market now. If you buy at the bottom, hold it patiently. Mainly ETH PEPE, because the Ethereum ETF is likely to be launched this month.
Then we can also look forward to the Bitcoin Conference from July 25 to July 27. Trump will attend the speech and take orders on the spot. People, even the entire cryptocurrency circle, may have a chance to pull up.
