Tonight #CPI is the watershed of the cryptocurrency market

⏰ Beijing time 20:30, the US July CPI data will be released!

🔍 Market Expectations

CPI Year-on-Year: 2.8%

CPI Month-on-Month: 0.2%

Core CPI Year-on-Year: 3.0%

💡 How to interpret?

Higher than expected = Inflation remains stubborn → The Federal Reserve may not rush to cut interest rates → US dollar strengthens → Cryptocurrency under short-term pressure 📉

Lower than/meeting expectations = Expectations for rate cuts rise → US dollar weakens → Bitcoin and Ethereum may rebound 📈

⚠️ Current market sentiment: Institutions are generally cautious, many people choose to wait and see, deciding on direction after the data is released.