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Tonight is another macro night. Similar to last week's non-farm payroll data, this is the first complete CPI data after the U.S. government ended its shutdown. However, the effects of the shutdown are still ongoing, as the shutdown caused missing and inaccurate data for November, leading to a significant basis in the entire data system. This will raise doubts about the accuracy of the data, potentially causing some unexpected volatility.
Moreover, the market's attention has clearly been drawn to geopolitical events in Venezuela, Greenland, Iran, and political events such as Powell being under criminal investigation. The voice of CPI, which is purely macro data, will be diluted and ignored.
After all, with Trump and Powell at such odds, it is impossible to lower interest rates based on the quality of CPI data.
Recently, Bitcoin has shown a bullish trend, and in the short term, one can try to buy on dips between EMA20 (90,500) and EMA100 (96,000).

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