I have a preliminary assessment like this, earlier someone asked so I also shared it for A/C to refer to! No intention of calling for long or short!

CPI and CPP are two very important data points for the Fed to base their interest rate cuts on! Currently, these two indicators are quite good - the Fed is unlikely to cut rates in the upcoming September! (I'll update how the rate cut ratio looks in a few days)

For the market, in the recent 1-2 months of FOMO, it stemmed from the fact that interest rates have been kept high for a long time, and Trump has repeatedly pressured to cut rates, causing the market to pump FOMO a lot, breaking the downward trend to pave the way for a strong growth trend and the hope for altcoin season! However, at the end of July, interest rates remained unchanged, and BTC dropped significantly. As of today, the indicators are quite good again, and the confidence in low interest rates is gradually wavering!?

So what now!? Altcoins may encounter a significant fluctuation after tonight, returning to the support point of the upward trendline, some may lose their upward trendline and follow a deeper correction trend!

Regarding $BTC , which is the leading coin, I think it will maintain its trend and not break the trendline, BTC is the confidence of the crypto market; if it crashes, the entire market goes down as well!

In conclusion, tonight's PPI is the last straw, leading to many news sources that could be negative for BTC in general and the market in particular in the near future (the Fed meeting)

A/C reading this, please give me a like for motivation to come up with new strategies with the new trend tomorrow!