📢📢Good news is coming! Odaily Planet Daily reported that at 20:30 on July 12, 2024, Singapore time, the U.S. Department of Labor will release the June CPI annual rate and seasonally adjusted CPI monthly rate. 📊📈

CPI, or the Consumer Price Index, is an important indicator reflecting inflation. Changes in CPI data directly affect the Federal Reserve's monetary policy decisions, which may have a significant impact on high-risk assets such as Bitcoin. 😮😮

If CPI data continues to show high inflation, the Federal Reserve may raise interest rates or reduce asset purchases, thereby reducing market liquidity, which may put pressure on high-risk assets including Bitcoin. 😨😨

However, if the published value is lower than the expected value, for example: the US June unadjusted CPI annual rate published value 3.0%＜3.1%, the US June seasonally adjusted CPI monthly rate published value 0.0%＜expected value 0.1%, then this will be bearish for the US dollar, bullish for non-US currencies, bullish for risk markets and virtual currency markets, including Bitcoin! 🎉🎉

Investors, are you ready? Please pay close attention to this important economic indicator, understand the short-term and long-term impact that CPI data may have on the Bitcoin market, and make wise investment decisions! 💪💪 (Note: Related analysis is not intended as investment advice)