The United States is about to release important economic indicator data, which will be the last set of reference information for the Fed before considering an interest rate cut. Tonight, the Producer Price Index ( PPI ) will be announced, and tomorrow night, the Consumer Price Index ( CPI ) will follow. Regardless of the results, these two data points will have a significant impact on the market.

From the current market trend, the bullish momentum seems to be stronger. There is a considerable amount of short liquidity accumulated above the market, which may provide an opportunity for bulls to break through. However, in the face of the current volatile market, many investors choose to wait and see and do not open large long positions.

Interestingly, despite the attention-grabbing trends of mainstream cryptocurrencies like Bitcoin, some investors seem to prefer smaller cryptocurrencies (commonly known as "altcoins"). This strategy reflects the tendency of investors to seek high-risk, high-reward opportunities in the current market environment.

With the release of these key economic data and the Fed's possible policy adjustments, the cryptocurrency market may face new variables. Investors should closely monitor these developments and adjust their investment strategies in a timely manner according to market changes.