Will tonight bring a turning point?

The CPI data will be released at 9:30 p.m. tonight. The market generally expects CPI to increase to 2.7%, with a pessimistic sentiment. If the data meets expectations, the market may remain stable; if the result is lower than expected, it may bring significant boost to the currency circle.

It is worth noting that despite the recent significant drop in Bitcoin prices, Wall Street ETFs are still continuing to increase their positions. This indicates that they view this round of decline as a good opportunity to buy low, rather than a signal to sell high. Therefore, we should take a rational view of the current market situation. This crash may only be a process of clearing leverages, and there is still potential for an uptrend after consolidation.

In addition, there are indeed recent reasons for the rise in the currency circle. The Fed may cut interest rates next Thursday, which is expected to be a turning point in the market.

Finally, looking back at last night's plunge, have you seized the opportunity to buy the dip? Please keep your confidence, as the bull market may just be getting started.