Will CPI explode tonight? Bitcoin swings in the air, the critical moment has arrived!

Tonight is a big deal, brothers don’t sleep! The highly anticipated April CPI data is about to be released, and this data will directly affect whether Bitcoin can break through key levels.

Currently, BTC is wobbling between 100,000 and 106,000, moving like it has had fake alcohol; it jumps up and down with the slightest disturbance, but this is actually an old trick of the market makers!

On-chain data shows that the main force has quietly cashed out 143 million dollars in the past three days, and I am using professional tools to monitor Binance, Coinbase, and OKX, where large orders over 3 million are being dumped like dumplings.

From a technical perspective, the daily line is on the blue trend line, and the 4-hour line is grinding up and down. Last night, it made a three consecutive red candles breaking the 103 support; now it’s crucial to see if 100,600 can hold steady.

Tonight’s CPI data has two possible scenarios:

→ If CPI is below expectations, interest rate cut expectations will rise, and BTC might directly break through 106,000 to rush to 120,000;

→ If CPI unexpectedly rebounds, the dollar will be strong, and Bitcoin may need to retest the 97,000-99,000 range. But don’t panic, MicroStrategy has 21 billion in ammunition ready to buy the dip, and ETFs are still flowing in. If institutions aren’t panicking, why should you?

As for ETH, it has started to pull back after failing to break through 2,600, and if it can’t hold 2,280, it might drag down a bunch of altcoins. Other small coins may still have a 20-30% downside potential.

Tonight's CPI is a crucial battle; whether it goes up or down, there will be a burst of emotions, but the possibility of a crash? Basically none!