At 8:30 tonight, the United States will release the CPI data for July, which will have an impact on the short-term trend of BTC and will also directly affect the Fed's interest rate hike policy in September. During this period, Bitcoin has been trading sideways in the range of 56,000-62,000 US dollars. If the CPI data is higher than expected, it may bring direction to the boring market. We look forward to testing the support of 56,000 US dollars and 50,000 US dollars again. At present, the overall trend is still bearish.