Under the current situation, the July CPI will be announced at 20:30 tonight, with the market expectation of 3% and the announced value of 2.9. The US target is 2%. After nearly two years of interest rate hikes, the target is getting closer and closer.
The US CPI reached a peak of 9.1% in September 2022. After a continuous cycle of interest rate hikes, this is the first time that it is expected to be within 3%, only 1 percentage point away from the target.
Let's look at the relationship between the US CPI and #BTC☀ . When the CPI reached its highest value in September 2022, the price of BTC was at a relatively low point. When the CPI began to rise in 2021, Bitcoin went out of the unilateral upward trend.
Judging from the intraday situation of each CPI announcement in history, before the announcement in the evening, if the market is rising during the day, then it will most likely rise; if the market is falling during the day, then it will most likely fall at night.
The smaller the difference between the published value and the expected value, the smaller the market fluctuation, and vice versa. (Today's data will not deviate too much from the expected value)
You can find multiple entry opportunities to gamble during the day, and the small level at the time of announcement will experience drastic fluctuations that exceed daily fluctuations. However, it will not affect the trend of the large level, nor will it change the trend of the large level.
In the face of a volatile market, my strategy is that friends who hold positions at low prices should continue to hold them and not be affected by short-term fluctuations to obtain long-term profits, except for those who do intraday short-term trading.
