Tomorrow we will enter a period of intensive data, especially the US CPI data to be released tomorrow night. The previous value was 2.9%, and the expected value was 2.6%, but I think this expected value of 2.6% may be difficult to achieve.

The trend of Bitcoin continues the rhythm of long and short explosions in the past two months. The price fell from $58,400 to $52,500. After the unemployment rate data was released, it fell sharply to $52,500, and then rebounded quickly to $58,100. This is completely a trick of Wall Street. The current market is very interesting. There is a small pin above $58,000, and there is also a pin-shaped rebound below $52,500, which is very similar to the market we saw in the $60,000-68,000 range. It’s just that the current gameplay has changed to between $52,000 and $58,000, focusing on long and short explosions.

The current situation is: those that should fall have fallen, and those that should rebound have rebounded. The next step is to see how CPI will become a new watershed tomorrow night. The CPI data on September 11 will set the tone for the next 10 days. The question is, will the 57,000-58,000 USD continue to rise, or will it go down? The answer will be revealed at 20:30 tomorrow night.

Currently, the cryptocurrency market has risen by 7%, while the US stock market has only risen by 2%. The cryptocurrency market is easily driven by emotions, so it is recommended to pay more attention to the trend of the US stock market. You can check it by searching Nasdaq through Dongfang Fortune or Tonghuashun.

I personally can't see a clear direction at the moment, and I will wait for the CPI results tomorrow night before making a judgment.