Someone asked about tonight's CPI and this month's interest rate cuts. I'll just say two simple words:
The possibility of CPI being positive is greater than negative. In the short term, the market may fluctuate violently, and the ups and downs may continue all night, so this is not the time to make a mindless layout in advance.
What you can do is to operate according to the key positions I gave before.
If the market price reaches these positions, you can consider making a layout. The release of CPI data may bring opportunities for trading volume and volatility.
At present, the focus is on the support levels of 560 and 545 to see if they can be maintained.
As for the interest rate cut, it is basically certain to start this month. This will bring a period of volatility, and the positives will mainly be reflected in the process. Bitcoin will not soar immediately after the announcement of the interest rate cut and will not pull back.
For other currencies, such as Ethereum, ORDI, and Dogecoin, you can refer to the trend of Bitcoin for operation.
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