U.S. CPI data will be released at 20:30 tonight, and (02:00 Thursday morning) the Federal Reserve’s June interest rate decision.

CPI data: The market generally expects the U.S. non-seasonally adjusted CPI annual rate in May to be 3.4%, the monthly CPI rate to be 0.1%, and the core CPI monthly rate to be 0.3%. Data released last Friday showed that the number of new non-farm jobs in the United States in May exceeded expectations, which to a certain extent suppressed market bets on the Federal Reserve's interest rate cut and made the market pay more attention to this week's inflation data.

Although the market generally expects the Federal Reserve to keep interest rates unchanged at this meeting, the specific performance of CPI data will directly affect the market's judgment on the path of future interest rate cuts.

If the CPI data is higher than market expectations, the market may bet that the Federal Reserve will maintain high interest rates or even raise interest rates, causing the price of BTC to fall.

On the other hand, if the CPI data is lower than expected, the market may expect the Federal Reserve to cut interest rates, thereby driving up the price of BTC.