The US CPI data release at 21:30 tonight will directly influence the rhythm of the crypto market. Currently, the expected figures from all parties are similar to the last time, but how it will perform specifically remains to be seen.

There are three possibilities, three outcomes. If the data exceeds expectations and rises, everyone's anticipation of a Fed rate cut will immediately cool down, the dollar will strengthen, and Bitcoin and Ethereum are likely to experience a dip. Conversely, if the data falls short of expectations, the expectation for rate cuts will instantly heat up, and inflows of new funds will pour in, potentially pushing Bitcoin and Ethereum to a rally. If the data matches expectations exactly, the crypto market will probably remain sideways with no clear direction.

The most reliable approach now is to wait and see. Don't rush into long or short positions, as sudden market movements can catch you off guard. Wait until the data is out and clear before taking action, otherwise, it's easy to get caught in a trap.