This is the US CPI data and BTC market trend chart from 2022 to September 2024

Several interesting points can be clearly seen in the figure.

First, the CPI data released from 2020 to 2021 is close to the trend of BTC. The value is rising steadily, and the price of BTC is also rising steadily.

Second, from 2023 to April 2024, the CPI value is declining, while the price of BTC is rising; only from May to September, it is declining synchronously.

Third, the highest CPI value was 9.1 in July 2022, indicating that the average price of consumer goods and services purchased by residents has increased.

The turning point also began at this time. After reaching the peak, it began to fall continuously. The continuous decline in the CPI value implies that residents' income has decreased and their consumption level has declined.

Therefore, after understanding this basic information, when we look at the CPI data, we will know what impact it has on us and what we need to pay attention to.

The United States is a free country and a capitalist country. Their solution to this problem is very simple, which is to give money.

Just like in March 2020, the CPI value at that time also fell from a high level for a period of time. Coupled with the outbreak of the epidemic, people had no money in their hands, so distributing money became the best option.

History always repeats itself. Although the appearance is different, the essence has not changed much.

Whether the CPI value in October meets expectations or not, it will definitely go down.

Combined with the analysis and judgment summarized above, as long as it goes down, it is good news.

Moreover, this value will also affect the Federal Reserve’s interest rate meeting in November, which will determine whether to cut interest rates again.

BTC's trend is clearly not affected by CPI data

The bull trend has already formed, and it will not change easily, because the bull has one characteristic: stubbornness.

I am firmly optimistic about the bull market in 2024, but I will wait and see whether the copycat market can also go bullish.

Because this bull market is different from the past, it also follows the rotation of sectors.

Only some truly valuable coins will be able to rise along with the BTC bull market.

This wave of market is a test for everyone, because it injects new blood, and it is also a historic breakthrough.

This indicates that the cryptocurrency industry is no longer a small-scale industry that is not visible to the public. It is an industry that can truly keep pace with the traditional financial market.

This is a real battlefield. If you want to survive and get results, you need professional skills.

There is no more fantasy here, and even less possibility of speculation; because the market is full of wolves, and if you are a sheep, you will be eaten sooner or later.

Finally, let me summarize it in one sentence:

Don't expect sudden good luck, just believe that hard work will eventually pay off

I hope that every one of you who works hard now will have a smooth future.