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Recently, a prominent reporter from the Fed, Nick Timiraos, made a striking prediction, stating that tomorrow's core CPI may rise to 3.1%, a figure that exceeds the current market consensus. This news immediately triggered a slight panic in the market, resulting in a 2% fall in Bitcoin, while Nasdaq futures shifted from rise to flat.
Inflation rise seems to have become a foregone conclusion, but the specific data may vary. If the core CPI indeed reaches 3.1%, it will undoubtedly be seen as a high level. However, if the data stays at 3.0%, in line with market expectations, its impact may be relatively limited.
Before the CPI data is officially released, the market is likely to maintain a cautious attitude. For investors with a higher risk tolerance, the current market pullback may provide some investment opportunities. For example, it may be worth considering moderate purchases when the price of ENA is between 0.7 and 0.75. As for Ethereum, investors may closely monitor the neckline support around 4150 and the important psychological level of 4000.
Although no one can accurately predict the specific results of tomorrow's CPI, the market has already formed certain expectations. We hope that tomorrow's data release will have a positive impact and inject more confidence into the market. Before that, investors should remain vigilant, closely monitor market trends, and manage risks effectively.