Tonight at 20:30, the CPI is about to make its appearance. In the face of the currently fragile market sentiment, this data is like a grenade that could explode at any moment.
If inflation is lower than expected, the market is likely to wonder, "Is the Federal Reserve going to cut interest rates soon?" In that case, both the US stock market and cryptocurrency could see a surge, and sentiment may turn positive;
Conversely, if inflation is higher than expected, the cooling of interest rate cut expectations will excite the bears, and prices could plunge directly.
As for if it matches expectations, it will depend on whether the market creates its own drama; usually, there isn't much turbulence, but tonight no one can guarantee anything.
I want to remind you, regardless of the outcome, once the data is released, the market will first engage in a chaotic dance, and within minutes there could be false breakouts or false pullbacks. For those trading short-term, be sure to manage your positions well and don't let the main players use sentiment as a tractor to crush you back and forth.