Tonight at 20:30, the US July CPI data will make a significant appearance. The market expects this data to be 2.8%, higher than the previous value, which adds more uncertainty to the already existing "hawk-dove standoff" within the Federal Reserve — if the data confirms inflationary pressures, the Fed's actions on interest rate cuts may become more cautious.

For the crypto market, the impact path of this data is clear:

- If CPI is higher than expected, Bitcoin may face a short-term correction;

- If it meets expectations, the market will focus on the Fed's subsequent statements, carefully capturing "dovish signals";

- If it is lower than expected, expectations for a rate cut in September will heat up, and the crypto market is likely to welcome a wave of exuberant trading. #机构疯抢以太坊 #CPI数据来袭 $BTC $ETH