Major data is coming tonight! How will the US April CPI stir the cryptocurrency and stock markets? The US April CPI data will be revealed tonight, and this key indicator will directly influence the Federal Reserve's interest rate cut expectations: if the data is favorable, the probability of starting an interest rate cut cycle in July will significantly increase; conversely, it may delay the market's expectations for a shift in monetary policy. Currently, the mainstream view in the market is that the Federal Reserve may take its first step towards cutting interest rates in July.

Due to the uncertainty before the data release, US stocks opened high last night but quickly fell back, and the cryptocurrency market faced pressure, resulting in a significant decline. It is worth noting that historical data shows that whenever positive news related to Trump is released, cryptocurrency prices often experience a deep correction, adding more variables to tonight's market trend.

Currently, the overall cryptocurrency market is showing a downward trend, with short-term volatility significantly increasing and operational risks rising, suggesting that investors maintain a cautious wait-and-see attitude.

In terms of strategy, blindly short-selling is not recommended; it is better to wait for a technical price rebound and then capture short-selling opportunities in high resistance zones to reduce trading risks.