The Bitcoin market is at a critical moment, with investors waiting for the CPI data to be released at 8:30 tonight. This set of data could become an important factor in determining the short-term direction of the market.

Analysts generally expect a slight increase in the four main indicators compared to last month. This expectation has already been somewhat priced in by the market. Therefore, what will truly impact the market is the gap between the data and expectations.

If the data is slightly below expectations or the previous value, it may be seen as a positive signal, driving the market to continue rising. Conversely, if it is slightly above expectations or the previous value, it may be interpreted as negative, leading the market into a consolidation period. It is worth noting that if the data deviates significantly from expectations, especially if it is significantly higher than expected, it may trigger a substantial decline.

However, compared to the highly anticipated non-farm payroll data earlier, the possibility of this CPI data causing significant market fluctuations is relatively low. Even if a pullback occurs, many analysts believe this could be a good opportunity to buy on dips.

Nevertheless, market sentiment remains cautious. Even during the pullback, some investors may adopt a wait-and-see attitude, worried that this is a signal of a bear market. However, experienced traders often find opportunities in such uncertainty.

Regardless, tonight's CPI data will undoubtedly bring an important volatility opportunity to the Bitcoin market, and investors need to remain vigilant and adjust their strategies at any time.