BlockBeats News, June 10th, according to multiple authoritative economic institutions, tonight's US CPI data is expected to directly determine the Fed's interest rate hike path. Analysts currently widely expect a 0.5% month-over-month increase in overall inflation, slightly lower than April's 0.6% rise, while the annual CPI is set to accelerate from 3.8% to 4.2%, hitting a nearly 3-year high.

Several market analysts pointed out that if today's released CPI exceeds 4.0%, the probability of Bitcoin falling below $60,000 is quite high. However, each decline brings the market one step closer to the ultimate bottom. Breaking below $60,000 does not necessarily mean an immediate bottom but is more like a gradual bottoming process.

On the other hand, the Ahr999 Index is currently at 0.3039, if Bitcoin drops below $60,000, the "Iron Bottom" signal of 0.3 is destined to be triggered.