U.S. consumer prices edged higher in August as headline inflation rose amid soaring oil prices. The U.S. CPI rose 0.6% month-on-month and 3.7% year-on-year in August, the highest since May this year, and has rebounded for the second time in a row. The core CPI rose 0.3% month-on-month, also exceeding expectations. The weakness in short-term U.S. Treasuries came as the market bet on the Fed to raise interest rates in November and December rose. Swap contracts referencing the November Fed meeting date are around 5.46%, 13 basis points higher than the effective federal funds rate of 5.33%. This repricing suggests that there is about a 52% chance that the Fed will raise its policy rate to 5.5% to 5.75% by November. Overnight index swaps for the December Fed meeting show that the Fed will tighten by 16 basis points, indicating a 64% chance that the Fed will raise interest rates at its last meeting this year. The short-term outlook for the big cake is mixed, and market analysts believe that if it falls below the 25,700 support area, it may fall to the $25,500 level. The cryptocurrency is in a precarious balance, driven by upcoming economic data and global monetary policy shifts. The next few days will be critical and could either boost or dampen investor sentiment.

Technical analysis:

On the daily chart, all moving averages are suppressed, the weekly and monthly lines are falling, MACD is running below zero, and the RSI index is low. Today's operation strategy is mainly low and long!

Enter the market at 26000-26200, target 26600, defense 25800.

Enter Ethereum at 1600-1620, target 1660, defense 1578