At 20:30 tonight, the highly anticipated Consumer Price Index (CPI) data will be released, and this important economic indicator will once again stir the nerves of the global financial markets.

Recently, the cryptocurrency market has been highly volatile, and Bitcoin's price has seen a pullback. Investors are holding their breath, hoping to find clues about the Federal Reserve's future monetary policy from the CPI data. The timing and magnitude of interest rate cuts not only affect the traditional financial sector but are also a key focus for cryptocurrency investors.

The market generally expects a rate cut in September, but there are differences regarding the extent of the cut. The aggressive faction advocates for a substantial cut of 50 basis points, while the conservative faction favors a moderate adjustment of 25 basis points. If the Federal Reserve implements a 50 basis point rate cut, it will undoubtedly inject strong momentum into the cryptocurrency market, potentially driving Bitcoin to break through new price highs.

Currently, as long as the CPI data does not show any unexpected anomalies, there is a high possibility that Bitcoin will break its historical high this week. The bullish momentum is strong, and the flow of funds also supports the upward trend, making the overall market optimistic.

Tonight's CPI data release will be a turning point for the market, potentially triggering severe price volatility. Investors need to stay vigilant and be ready to respond to the market's rapid changes at any time. Regardless of the outcome, this will be an important moment in the development of the cryptocurrency market.