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At 8:30 tonight, the highly anticipated CPI data will be revealed, which is undoubtedly a key factor affecting the market direction. Recently, the Crypto Assets market has experienced significant Fluctuation, with Bitcoin prices undergoing a pullback, mainly because investors are waiting for the release of the CPI data. This data is closely related to the interest rate cut decisions, and the interest rate cut policy directly influences the overall market trend.
Currently, the market generally expects a rate cut in September, but there is a disagreement regarding the extent of the rate cut: is it 50 basis points or 25 basis points? If the rate cut reaches 50 basis points, it would be a strong boost for the Crypto Assets market, potentially pushing Bitcoin to break through the 10,000 yuan mark again.
Given the current market situation, as long as there are no major negative surprises in tonight's CPI data, there is a high possibility that Bitcoin will break new highs this week. This is mainly due to the overall upward trend in the current market and the dominance of bulls in the liquidity structure.
Tonight's CPI data release will be the focus of the market, and we will witness this important moment that may trigger significant changes in the market. Regardless of the outcome, this will be an important milestone in the development of the Crypto Assets market, worthy of close attention from all investors.