Is the cryptocurrency market cold? Tonight's market is expected to turn around!

Bitcoin must have driven many people crazy in the past few days. There is no market and lack of news stimulation. But tonight, the stimulation is here, that is, the CPI inflation data at 8:30 pm.

So is it good or bad this time?

CPI has actually faded out of people's sight before, but because the number of employed people doubled last time and the conflict in the Middle East caused oil prices to soar, the market is worried that inflation will come back, and some people even expect that there will be no interest rate cut next time. So if the inflation data can come down this time, it will be absolutely crucial.

The market expectation this time is 2.3%, which is significantly lower than the previous value, while the core CPI expectation remains unchanged. But given that this is the last CPI data before the election, I think some people will definitely beautify the data and even use it to declare victory in the fight against inflation.

So tonight I am actually looking forward to it. The high probability is to maintain expectations (no rise or fall) or be lower than expectations (good), and the low probability is higher than expectations, which is bad.