Be careful, the US will release a data point called PPI tonight. Will Bitcoin still drop?
The PPI is the Producer Price Index and is very closely related to inflation. Although it is not as important as tomorrow's CPI, the PPI at 9:30 PM tonight is still worth paying attention to.
The market can be said to be very pessimistic this time, with expectations that the PPI will rise significantly, and it has already started to drop in advance yesterday.
The market's rise and fall tonight will depend on these expectations; I see that the expected values are very high, so it is quite difficult for the actual result to be higher than expected, and if it is lower than expected, then that would be good news.
However, the most critical point is still tomorrow's CPI; the influence of tonight's PPI is not that significant, so it is just a reference.
The PPI is the Producer Price Index and is very closely related to inflation. Although it is not as important as tomorrow's CPI, the PPI at 9:30 PM tonight is still worth paying attention to.
The market can be said to be very pessimistic this time, with expectations that the PPI will rise significantly, and it has already started to drop in advance yesterday.
The market's rise and fall tonight will depend on these expectations; I see that the expected values are very high, so it is quite difficult for the actual result to be higher than expected, and if it is lower than expected, then that would be good news.
However, the most critical point is still tomorrow's CPI; the influence of tonight's PPI is not that significant, so it is just a reference.