Whether you're caught in or preparing to buy the dip, listen to the detective's advice
Tonight at 9:30 PM, pay attention to the CPI data!
The market may experience significant fluctuations before and after the data is released; success or failure hinges on this moment.
The market has been correcting sharply these past few days, and we are hoping for a big event to drive it in a positive direction. Regardless of whether the data tonight is good or bad, we must prepare for both scenarios and be ready to respond at any moment.
In terms of altcoins, special attention should be paid to the meme coin sector, as these coins tend to move closely with the market, bouncing back quickly. Examples include pepe, floki, wif, bonk, doge, neiro, bome, and others.
Looking at the external market, the S&P 500 and Dow Jones have both seen declines in recent days.
This may be related to the sanctions on Nvidia.
The US dollar index has recently shown some recovery, possibly because people believe there won't be any further rate cuts after the December reduction.
It is said that the inflation rate in November will rise from 2.6% to 2.7%.
Core CPI is estimated to remain around 3.2% to 3.3%.
If the CPI data increases more than expected, the Federal Reserve might halt its rate cuts earlier than anticipated.
Everyone is guessing that there may not be any rate cuts in January next year.
