Tonight, the market will usher in the release of US CPI data, and the price of $BTC will also face a test. At present, the price of BTC fluctuates around $60,000, and the market may wait for the release of CPI data to determine the next direction. As of the past 9 days of this month, although the price has fallen in the first half of the month, it is likely to rise in the second half of the month. There are still 25 days before the US election, and investors need to be patient.

The impact of CPI data on Bitcoin prices has always attracted much attention. According to historical data, when CPI data is higher than market expectations, Bitcoin prices tend to fall rapidly. However, if CPI data is lower than expected, it may trigger a positive reaction in the market, leading to an increase in Bitcoin prices. At present, the market expects that the Federal Reserve has almost zero chance of cutting interest rates in November, and it is expected to cut interest rates by about 47 basis points by the end of 2024, which is much lower than before.

In addition, the volatility of Bitcoin prices may be affected by geopolitical risks. In the current international environment, conflicts or uncertainties in any region may affect investors' risk appetite, thereby affecting Bitcoin prices.

In this context, investors should pay close attention to the release of CPI data and be prepared for possible market fluctuations. At the same time, considering the approaching US election, the market may be more sensitive and unstable. Therefore, investors should be cautious in their operations and avoid excessive risk-taking.