There are usually opportunities in the market; what's lacking is whether you can be on the right side at the right time.
Tonight at 20:30, the U.S. June CPI data will be released.
What kind of data is this?
In simple terms: Are prices in the U.S. rising or not?
So, will there be an impact on cryptocurrencies?
If the data is lower than expected, it is bullish for cryptocurrencies.
If the data is higher than expected, it is bearish.
Because if the CPI rises too quickly, it indicates that inflation is back, and the Federal Reserve will not dare to cut interest rates, which means that funds will not easily flow back into high-risk assets like cryptocurrencies.
Cryptographic assets typically perform stronger under expectations of easing, while high inflation will suppress the imagination.
