Super News Night | CPI + Fed Testimony Incoming, Bitcoin to Set Direction Tonight! Two key events hitting tonight: - 20:30: Release of U.S. June CPI data - 22:00: Fed Chair's Congressional testimony The market's choppy phase is about to end. Data benchmarks: Market expects CPI YoY at 3.8%, Core CPI at 2.8%; previous values were 4.2% and 2.9%. ① If inflation data drops (CPI < 3.7%, Core CPI < 2.7%): Rate cut expectations strengthen, USD weakens, and Bitcoin sees a bullish trend. ② If inflation data rises (CPI > 3.9%, Core CPI > 3%): Combined with U.S.-Iran tensions pushing oil prices higher, inflation pressure rebounds, Fed maintains tightening, and Bitcoin faces a potential breakdown. ③ If data meets expectations: Narrow market fluctuations, with focus shifting to Fed testimony for clues on market direction. Additionally, ongoing U.S.-Iran geopolitical tensions continue to drive oil prices up, keeping inflation rebound risks high and adding more uncertainty to the crypto market. Currently, daytime trading is flat and directionless, with funds on the sidelines waiting for tonight's data to break the deadlock. Stick to limit orders and enforce strict risk management!