Everyone is looking forward to
the announcement of the U.S. December CPI data at 9:30 PM tonight, previous value 2.7, expected 2.9. Since the full-year forecast value for January was previously announced as 3.3, if the published value is higher than 2.9 or 2.9,
it indicates a rebound in inflation, and it is basically determined that the Federal Reserve will not lower interest rates in January. The announcement of the data will likely lead to negative impacts and investor concerns about the future, creating a risk-averse sentiment. At the same time, Trump's future policies are also a driving force behind the inflation rebound, which is a concern for the Federal Reserve.
Therefore, we need to be cautious of a pullback at 9:30 PM tonight. If the U.S. stock market does not perform well, the extent of the pullback may deepen.
Bitcoin may pull back, and the altcoins that surged today might drop back to their starting points.
Many crypto enthusiasts are looking forward to (☆∀☆) predicting that when Biden takes office, both the crypto market and the U.S. dollar will soar. Looking back at history, the halving of Bitcoin in April and Dogecoin reaching the moon were actually followed by declines. With Biden taking office, the market will not be calm. In the long run, this is the day when "blockchain" sparks ignite!
Do you think when Biden takes office, there will be a big surge or a decline?