The US CPI data for June will be released at 20:30 tonight. The Fed’s speech the night before yesterday indicated that it was still optimistic about the decline in inflation. It is likely to be a small positive. Reducing inflation will cause the Fed to accelerate the pace of interest rate cuts. The interest rate cut cycle is surprisingly similar to the bull and bear cycle of the crypto market. Before the interest rate cut, the cryptocurrency market plummeted and washed out, and after the interest rate cut, the cryptocurrency market rose. Let’s take a look at the Jifeng video and summarize the data together.