Tonight at 21:30, the United States will release the crucial November CPI inflation data, which is seen as the "deciding factor" for the market direction at the end of the year. Since the October data is missing due to the government shutdown, this report is the first glimpse of the overall inflation in weeks, making it extremely significant.

The market generally expects the overall CPI annual rate to be 3.1%. The key question is whether the data will unexpectedly drop to the "2s" (such as 2.9%) or stubbornly remain in the "3s". This one-digit difference will influence the Federal Reserve's interest rate cuts next year, thereby determining the tightness of global liquidity.

If inflation is as expected or lower, it will strengthen rate cut expectations, potentially weakening the dollar and opening up space for rising risk assets like Bitcoin. Conversely, if the data exceeds expectations, it may delay rate cuts and suppress the market. Before the data is released, Bitcoin has been fluctuating violently between $86,000 and $90,000, indicating that a storm is about to arrive. Understanding tonight's data means understanding the next chapter of the market. #加密市场观察