The CPI data for October will be released at 9:30 tonight:

21:30 US October CPI annual rate (market expectation: 2.6%; previous value: 2.4%)

21:30 US October CPI monthly rate (market expectation: 0.2%; previous value: 0.2%)

21:30 US October core CPI annual rate (market expectation: 0.3%; previous value: 0.3%)

21:30 US October core CPI monthly rate (market expectation: 3.3%; previous value: 3.3%)

The impact of CPI on the cryptocurrency market, especially BTC, cannot be ignored. If the upcoming CPI data is higher than expected, this may lead to a short-term correction in the price of Bitcoin. Investors may re-evaluate the value of Bitcoin as a safe-haven asset. Especially when the Federal Reserve may adjust its pace of interest rate cuts. Therefore, the release of CPI data will have an important impact on the short-term trend of the Bitcoin market.

If the CPI data is lower than expected, it will rise

If the CPI data is lower than expected, it will fall

If the CPI data is in line with expectations, there will be no impact

At this critical moment. The data may be better than expected!