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There will be US CPI data released tonight at 20:30. CPI is the US Consumer Price Index, closely related to inflation, which in turn is related to interest rate cuts.
Inflation higher than expected, BTC tends to decline
Inflation lower than expected, BTC tends to rise
In line with expectations, BTC mostly consolidates first
Today’s previous and forecast values are both 2.4%
Greater than 2.4% is bearish for Bitcoin
Equal to 2.4% is neutral, with a tendency to consolidate
Less than 2.4% is bullish for Bitcoin.
#CPI