At 8:30 tonight, the US Consumer Price Index (CPI) data for September will be released, and the market generally expects a value of 2.3%, which is lower than the previous value of 2.5%. Last Friday's non-farm data was unexpectedly strong, which has ruled out the possibility of the Federal Reserve's sharp 50 basis point rate cut in November. If tonight's data meets or falls short of expectations, it means that the Federal Reserve's 2% inflation target is being steadily achieved, which is a positive signal for the market. However, the trend of Bitcoin in the past two days has gone against the Nasdaq index. In this case, it is recommended that you choose to enter the market after the data is released, which will be more secure. You can focus on the MA120 support level under the 8-hour cycle, which is 60610.