Tonight at 20:30 (UTC+8), the United States will release the Consumer Price Index (CPI) data for June, an important economic indicator that has drawn significant market attention. Analysts generally expect the inflation rate to rise to 2.7%, up from last month's 2.4%.

The current international trade situation is tense, coupled with an unclear inflation outlook, making the Federal Reserve's policy direction increasingly ambiguous, and the entire financial market is in a sensitive state. It is worth noting that if the CPI data is lower than expected, it may impact the interest rate cut expectations for September, thereby affecting high-risk assets such as Bitcoin.

From a technical perspective, Bitcoin has shown complex performance recently. The daily chart presents a continuous downward trend, indicating significant signs of a correction. However, the hourly chart shows that the price is consolidating around $117,000. Although it has not broken through the resistance level, there is a slow upward trend in the lows, suggesting a possible rebound.

Given the possibility of significant market fluctuations tonight, investors should remain cautious. It is advisable to strictly control positions when trading and set reasonable take-profit and stop-loss levels to cope with potential market risks. Whether you are a long-term investor or a short-term trader, closely following the release of this CPI data and its subsequent impact will be a wise move.