Is a turning point coming to the crypto world tonight?
At 9:30 PM, the CPI will be released. Currently, the market is generally pessimistic, expecting the CPI to rise to 2.7%. If it meets expectations, it won't be negative, but if the result is below expectations, it could significantly boost the crypto market.
And did you know? Bitcoin has dropped significantly over the past two days, but Wall Street ETFs are still increasing their positions. They clearly see this decline as a buying opportunity rather than a time to sell. So don't misjudge the current market; this sharp drop is just a clearance of leverage, and the consolidation will continue to rise.
Moreover, there are indeed reasons for an uptick in the crypto market recently, as the Federal Reserve is set to lower interest rates next Thursday, which should be a turning point.
Also, did everyone buy the dip during last night's crash? Don't give up your faith; the bull market has only just begun!
