The Fed is facing a dilemma, with the August CPI rising to 2.9%: Bitcoin remains stable around $114,000.



In August, the U.S. CPI rose 0.4% month-on-month and 2.9% year-on-year, while the core CPI increased by 0.3% month-on-month and 3.1% year-on-year, slightly exceeding expectations. The market is waiting for the Fed's policy tone, with Bitcoin's price consolidating around $113,500. If the Fed emphasizes an easing policy, cryptocurrencies may receive support, but if they proceed cautiously, cryptocurrencies will face resistance. The inflation data complicates the Fed's policy path, potentially leading to a slower, more data-dependent easing policy rather than swift rate cuts.

Bitcoin 113500—114100 range watch, looking towards 115000
The 2nd coin is in the range of 4350—4390, looking towards 4500#美联储降息预期 .
BTC0,57%
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