Yesterday's released CPI and core CPI data performed reasonably well, and the market's response to this was relatively positive. However, BTC (BTC) failed to effectively hold above the key level of $84,000 on the PA. From the 4-hour heat map, its market performance barely maintained in the strong zone. As for whether BTC can continue to break through to the upside, the upcoming macro data PPI to be released tonight will be an important observation indicator. The current value of PPI data is 3.5%, with market expectations at 3.3%. It should be noted that the higher the PPI data, the greater the inflationary pressure. In the complex background of the current tariff war, any changes in this data could trigger market chain reactions. Therefore, it is essential to closely follow at all times and not be complacent in the slightest.

💎
💎
Next, the March 20 Fed meeting is in the spotlight. Although the Fed is widely expected to not cut interest rates in March, the content of Powell's speech will be a key factor in shaping the direction of the market. There are three key points to focus on here: first, the Fed plans to cut interest rates several times this year; second, whether the Fed will slow down or even stop reducing its balance sheet; Third, what is Powell's view on Trump's tariff policy? If Powell reveals dovish policy signals such as at least 2 interest rate cuts this year and a slowdown in balance sheet reduction, then BTC prices are expected to usher in a new round of gains. However, if the rhetoric reveals a pessimistic sentiment such as "more rate cuts due to recession fears", the market could fall into a new round of shocks. Overall, the more dovish the Fed, the more favorable the current market environment. Before the Fed officially cuts interest rates, the market will most likely remain in a state of frequent volatility, and there is even the possibility of new lows. In addition, there is still uncertainty about whether the Bank of Japan will raise interest rates in March, and the possible reciprocal tariffs introduced by Trump in April are also hanging like a sword of Damocles. If these potential risks are not properly mitigated, it may be difficult to achieve a substantial reversal in the cryptocurrency market.
💎
💎
From the perspective of the sub-sectors of the cryptocurrency market, the overall market recovery requires time to settle. Most altcoins are waiting quietly for further market sentiment to warm up. Among them, some altcoins have performed well, such as PEPE has been strong for two consecutive days, and Trump coin has suddenly gained momentum. Various signs indicate that the main funds are actively laying out the MEME sector. Currently, both PEPE and Trump coins have reached the pressure level of the daily moving average, showing preliminary signs of a bottom. If there is a subsequent pullback trend, it may provide investors with a good opportunity for key layout.