CPI tonight may trigger the crypto market, this data directly determines whether ETH will soar or plummet!
I personally believe that this data directly determines whether we will see a rise or fall next. If the CPI is lower than expected, it may make the Federal Reserve more certain about cutting interest rates in September, and assets like ETH may rise; if it stays in the 2.7%-2.8% range, the market may fluctuate back and forth, while $BTC remains relatively stable, but other altcoins may jump around; worse, if the CPI exceeds 2.8%, the market may panic, thinking that inflation cannot be contained, and overall crypto assets will drop.
Right now, what everyone is most concerned about is whether this data can prove that inflation is really decreasing and how the Federal Reserve will adjust its policies afterwards. The key is to see if ETH can hold around $4150, and BTC should not drop significantly around $118,000. We should consider buying other altcoins once BTC and $ETH show less volatility. After the data is released, make sure to pay attention to what Federal Reserve officials say; this is more important than looking at the numbers themselves, as it directly determines the overall direction of rise or fall.
I will be preparing for a big move in the upcoming market; believers need not say much, just come if you agree.
