Tonight's PPI annual/monthly rate expectations are both below previous values, and before the data release, market expectations are for inflation to cool down, which is positive for Bitcoin, likely boosting bullish sentiment.

In line with expectations: data below expectations and lower than previous values, Fed rate hike expectations cool down, the dollar weakens, Bitcoin is expected to continue rebounding, testing the high of 75,000.

Exceeded expectations: data surpass expectations, inflation stickiness exceeds expectations, Fed rate cut expectations are delayed, the dollar strengthens, Bitcoin may quickly retrace to support at 73,500.

Positive: retrace to 73,500-74,000 for light long positions, targeting 74,800-75,300.
Negative: rebound to 74,800-75,300 for short positions, looking at 74,000-73,500.