Tonight at 8:30 PM, the US March CPI data will be released. At present, Bitcoin and Ethereum are trading in a tight, sideways range, taking a wait-and-see stance. The CPI will directly affect Federal Reserve rate-cut expectations, which will then drive changes in the US dollar and US bond yields and ultimately transmit to the crypto market. The current rate-cut expectations have been pushed back to September–December; combined with high leverage, the market is highly prone to sharp swings after the data release.

Three scenarios: if CPI comes in above expectations and inflation remains stubborn, it is bearish— the US dollar strengthens and funds withdraw; if it meets expectations, it is neutral— after the bearish pressure is exhausted, the market consolidates and then rebounds to repair; if it is below expectations, it is bullish— rate-cut expectations arrive earlier, the US dollar weakens, and funds flow back, bringing about a rebound. #Gate广场四月发帖挑战