Tonight's CPI data should theoretically be favorable. If it is unfavorable, expectations for a rate cut in September will cool. The June CPI shows moderate inflation, and a rate cut in September has become a foregone conclusion. The question has shifted to whether it will be a cut of 25 or 50 basis points. Therefore, if tonight's July CPI is unfavorable, the data will inevitably raise suspicions of manipulation. Because in the short span of just one month, there has been neither war nor other major policy influences, significant changes are unlikely. Furthermore, there was a slight adjustment late last night, and tonight also needs a rebound to stabilize the market conditions.

ETH has already been stirring restlessly in advance.

As of now, the probability of the Fed cutting rates by 25 or 50 basis points on September 18 is as high as 83.8%.