Tonight, Beijing time (21:30), the US October CPI will be released. Everyone should pay attention to the fact that BTC will most likely rise.

Data impact

When the CPI data is in line with or lower than expected, it is a positive signal for the market, and BTC will most likely go higher; conversely, when the CPI is higher than expected, it is a negative signal.

Data interpretation

Consumer Price Index (CPI) is a price change indicator based on the prices of products and services related to residents' lives. It is usually used as an important indicator to observe the level of inflation. #BTC #memecoin #ETH. #xrp