PPI annual rate of 5.4%, BTC falls below 77000, CPI is coming tonight

The PPI for August in the United States was released:+0.4% for the month, 5.4% year-on-year, slightly higher than July's 4.8%. The commodity prices are clearly on the rise, and the market immediately increases the pressure on the Federal Reserve - the probability of the next interest rate hike has been pushed to around 70%. There is no dragging on the surface. Bitcoin fell from the line of 78000 to below 77000, with a intraday low near 76500; ETH, BNB, and SOL have followed suit and weakened. More importantly, this is not even the biggest data of the week. The CPI will be released tonight (September 11th) at 8:30 in the East Coast of the United States. Next up is the 15-16 FOMC. PPI is only a warm-up, CPI determines whether short-term fluctuations will be amplified or not. Don't rush to bet tonight, do three things first: 1. Clearly identify the position: 76000 is the low point tested during today's trading session, and 78000 is the step before the pullback. Set a price reminder first and don't stare at the candlestick. 2. Spot trading and price limit trading: It is most prone to slippage on volatile nights, and market orders are not suitable for beginners; Contracts are even less suitable for 'betting on CPI'. 3. The account should be prepared before the data: if the authentication is not completed, fiat currency deposits, reminders, and pending orders cannot catch up with the opening. For those who do not have a Binance account yet, click on the tag at the bottom left to register with the invitation code aicoin668 The implicit rule of data trading is one: before the numbers land, being alive is more important than guessing correctly Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.