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Is Bitcoin going to turn around tonight at 20:30?
Brothers, the CPI data will be released tonight, and the market could move significantly!
U.S. February CPI, expected 2.4%, unchanged from the previous value. Don’t underestimate the number; it directly determines when the Federal Reserve will cut interest rates!
If CPI is below expectations → economic cooling → increased rate cut expectations → crypto market takes off 🚀
If CPI is above expectations → dollar strengthens → Bitcoin continues to bottom out 🐻
The last non-farm payrolls report was a surprise, and employment wasn’t as strong as expected. If tonight’s CPI is also low, that’s a solid confirmation!
Now both bulls and bears are waiting. Once 20:30 passes, the direction will be clear, and volatility won’t be small.
Brothers, do you think this CPI will be bullish or bearish? Let’s wait and see which way the wind blows.
$BTC $ETH #Gate蓝龙虾重磅上线