Tonight at 9:30, the CPI data will be released, and the market is expected to experience significant volatility. Analyzing the market trend in advance and understanding the bullish and bearish trends is crucial for tonight's operations. Next, let's take a look at what kind of market movements the CPI data tonight might trigger.
Based on the CPI data performance over the past few months, since May, the CPI releases have largely met expectations, and have even been below expectations multiple times, directly boosting market sentiment. The market expectation for tonight is 2.7%. If the CPI data comes in below expectations, such as at 2.6%, then the market is likely to see a bullish trend, with the bulls in control.
Even if the data is released at 2.7%, from a historical trend perspective, this is still a positive signal. Easing inflationary pressures and increased expectations for accommodative policies and economic stability will benefit asset prices. Conversely, if the CPI data exceeds expectations, such as reaching 2.8% or higher, the market may come under pressure, facing downside risks in the short term.
Tonight's prediction: Bullish
In summary, I personally predict that the CPI data will be released around 2.6%, or even potentially lower than this level. If the data meets the expectation of 2.7%, the market will still view it as a positive signal. Therefore, the market is more likely to trend upwards, especially ETH, which may very well break through the $3800 mark.
If you are still unsure about the timing to enter the market, leave a comment with 111 to receive specific entry points. To help everyone operate better, I have attached some profit charts from fans who have been trading with me for less than two months. If you are feeling confused right now and don't know what to do, come find me!
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