Tonight's CPI, my personal opinion: bearish!
Tonight, the release of CPI data can be said to determine life and death. Wall Street is sometimes really helpless, why can't it send a plunge? Without a plunge, it is difficult to achieve a huge turnover. Without a huge turnover, the main funds will not have enough chips, and if the chips are insufficient, it will cost a lot of money to pull the market, so it will not be able to get out of the bottom shock, and it will be difficult to form a bottom structure.
Since entering October, BTC has been in a state of shock, giving people the feeling that everyone is waiting for the interest rate cut and the general election next month, and it seems that they are all making final preparations. At present, the support level of 60,000 has become the key in the near future. Tonight's CPI data is very likely to become a turning point for this month's market and determine the subsequent trend. The big cake has been sideways here for more than half a year, and its core logic is that the price is too expensive. The main funds will feel expensive to pull the market now, and retail investors will also feel expensive to buy, perhaps because the time is not right, or perhaps because of some other reasons. But in any case, the most important thing is that the price is high, the car is heavy, and it has not been cleared.
We should cherish every opportunity to fall. If you don't know how to choose potential coins for layout, then be my fan and let me escort your transaction.
