The US CPI index will be released on Wednesday night, with a previous value of 3.50% and an expected value of 3.40%. Powell will also give a speech at that time. Now the discourse power of financial economy is in their hands. Their remarks have an impact not only on the traditional financial market, but also on the cryptocurrency market. The most direct impact is the ups and downs, so if you are not a big contract player, enter the market with caution. If you are a pure gambler, place an order at the right point and buy it, and let it go. Life and death are up to God.
The previous small rally was due to the cooling of employment data. The market believes that this is a sign that inflation is effectively controlled. We can expect a rate cut next. If the CPI released tomorrow is positive, the market will improve. If it is negative, the price of Bitcoin will return to around 60,000. In the long run, it doesn't matter. The rate cuts at the end of the year and next year will drive the market again. I have ETH positions. ETH has been too weak recently. I hope it can rise again.
