📢📢📢Odaily Planet Daily is here to report! XT Research Institute reminds that at 20:30 Singapore time on July 11, 2024, the U.S. Department of Labor will announce the U.S. unseasonally adjusted CPI annual rate in June and the U.S. seasonally adjusted CPI monthly rate in June. 📊📈

CPI, or Consumer Price Index, is a measure of changes in the price level of goods and services and is used to reflect inflation. This data directly affects the Federal Reserve's monetary policy decisions. 🏦💰

If CPI data continues to show high inflation, the Fed may raise interest rates or reduce asset purchases, reducing market liquidity, which may put pressure on high-risk assets including Bitcoin. 😱😰

The CPI data in the United States has a significant impact on the Bitcoin market through multiple channels such as affecting inflation expectations, the value of the U.S. dollar, Federal Reserve policy, and market sentiment. Investors need to consider these factors comprehensively and understand the short-term and long-term impact that CPI data may have on the Bitcoin market. 💡💡💡

If the announced value is less than the expected value, for example: the US unseasonally adjusted CPI annual rate in June announced a value of 3.0% <span and the US June seasonally adjusted CPI monthly rate announced a value of 0.0% <the expected value of 0.1%. So, this may be negative for the US dollar and bullish for non-US currencies. Bearish for Treasury yields. It is bullish for interest rate cut expectations and bearish for interest rate hike expectations. Profitable risk markets and virtual currency markets. 🎉🎉🎉 (Note: Related analysis is not intended as investment advice)