Tonight at 21:30, the market will迎来 a truly "heartbeat moment."

As trading approaches midnight, all eyes are almost simultaneously focused on the same point—the release of the US December CPI data. This is not just an inflation report card; it’s like a key that could directly open or close the door to the next phase of the market.

From the calendar schedule, the content of this release is quite substantial:
CPI annual rate, monthly rate, as well as core CPI annual and monthly rates, will be released simultaneously, with extremely high information density. Any deviation from expectations could trigger a chain reaction.

The current market consensus is relatively moderate:
The annual rate roughly remains at 2.7%, the monthly rate rebounds to around 0.3%, and core CPI also slightly rises. On the surface, it seems calm, but this "calm" itself conceals risks for the market.

The reason is simple—The Federal Reserve is near a policy turning point.
If the data is hotter than expected, rate cut expectations may be quickly postponed, strengthening the dollar and pressuring risk assets;
If the data is cooler than expected, market sentiment could instantly turn optimistic, with bullish funds ready to enter and ignite.

It is precisely because of this that this set of data is marked as the highest level of attention in trading systems, representing a presence that, once announced, will immediately reprice the market.

Now, all the market can do is wait.
In a few hours, the answer will be revealed, and the fate of bulls and bears may switch between those few decimal places.

Tonight, it is destined to be restless.
$BTC ‌#CPI数据将公布 #加密市场观察