The big one is coming!!
Short-term traders are all waiting for tonight's CPI data, so let me briefly share my personal views.
The data at 8:30 tonight is sure to cause significant market turbulence. Is it possible that Bitcoin will break new highs, or will it use this opportunity to shake out weak hands?
Tonight's CPI data is expected to have very large short-term fluctuations and is also a key moment that will set the tone for the market in the coming days. To put it simply, if the data is below expectations, bulls may break through 122000 and approach 123000; if above expectations, bears might push below 118000, all the way down to 115000; if it meets expectations, it may first experience a sharp shake before returning to technical direction.
No one can know the result of tonight's CPI in advance, but the market expectations shown in the chart can serve as a reference for everyone. I hope everything goes smoothly~
