Tonight is the first CPI data released after Jianguo won the election. This data may determine the subsequent monetary policy of the Federal Reserve. We can also judge whether Jianguo will fulfill his promise to accelerate interest rate cuts before the election through his actions after the release of this data!

The three major U.S. stock indexes closed down on Tuesday, ending a four-day rally. Of course, for the cryptocurrency circle, it is 6 days, because the cryptocurrency circle does not rest on weekends. However, $BTC retreated sharply to 86,000 after trying to break through the 90,000 mark. It can be seen from this that its price performance has increased its correlation with the traditional financial market! In other words, the crypto market is not only affected by the Federal Reserve, but will also be more affected by the U.S. stock market in the future!

However, although the U.S. stock market rose rapidly due to the tax cuts and deregulation after Jianguo came to power, the crypto market also rose, but there is still a risk of a correction caused by rising U.S. bond yields, a stronger U.S. dollar and overvalued stocks!

So to summarize: CPI data is about to be released, and US stocks may face volatility. It is recommended that everyone still pay attention to the linkage opportunities between the US stock market and the crypto market and the impact of CPI data on market sentiment. In fact, no matter the technical aspects of the currency circle, most of them are also greatly affected by fundamentals and emotions. Otherwise, how did so many ten-fold and hundred-fold coins come from?