The CPI data for May will be released at 8:30 PM tonight, which is very important for the global financial markets.
If the CPI year-on-year rate is below 2%, the market may expect the Federal Reserve to accelerate interest rate cuts, which could lead to a big bullish market.
If the core CPI exceeds 2.9%, it may raise market concerns about inflation pressure, leading to a stronger dollar, which might drop to support levels like Ethereum at 2700-2750.
Assumptions
If the data is favorable → Highly likely to drop first and then rise (institutions wash the盘后建仓)
If the data is unfavorable → Often rise first and then drop (lure the long position and then harvest)
The second wave of the market is the true direction, brothers pay attention to observation, those who don’t understand can look at ZhiDing.
