The CPI data released last night has significantly enhanced the market's confidence in September and subsequent interest rate cut expectations. Some Wall Street traders have even begun to look forward to the possibility of three interest rate cuts within the year. Although this optimistic expectation is radical, it also reflects the market's appetite for easing. expectations for monetary policy.

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However, the actual market response appears to be complex and changeable. U.S. stocks fell back quickly after a brief rise at the opening, and the cryptocurrency market also failed to extend its gains at the beginning of the data release and turned downward. This shows that although the expectation of interest rate cuts has brought a temporary boost to the market, the internal dynamics of the market have not been fundamentally changed.

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For Bitcoin (BTC), despite frequent positive news, it has been unable to effectively break through and stabilize above the psychological $60,000 mark. The persistence of this key resistance not only fails to reverse the downward trend at the daily level, but also indicates that there is still greater downward pressure on the market. It is particularly worth noting that Bitcoin also appeared to be unable to do so when it fell back to the important weekly support level of $57,700, which further shows that the market’s optimism about the benefits of future interest rate cuts may have been overdrawn in advance.

Looking ahead, the market’s focus may turn to Ethereum (ETH) ETFs between this week and next week. Although there are rumors circulating in the market that the ETF may be approved next Thursday (July 18), given that this expectation has been fermenting in the market for a long time, the bullish enthusiasm it can inspire when it is actually passed may Has been heavily discounted. Therefore, even if the ETF is approved, its positive impact on the market may be limited, and there may even be a situation where "all the good is gone and the bad is bad" similar to expectations of interest rate cuts. Against this background, investors should remain cautious, pay close attention to market dynamics, and respond flexibly to possible risks and opportunities. $MDX $PDA $ORN #美联储何时降息？ #币安合约锦标赛 #美国6月CPI大幅降温