Two major data this week will verify that the US economy is "not doing well"? Bitcoin may usher in an oversold rebound!

At 20:30 on Wednesday night, the US Bureau of Labor Statistics will release the CPI inflation data for April. The market expects that the CPI in April may cool down and send a "surprise", which may slow down from 3.5% to 3.4%.

In addition, core inflation may also usher in the first slowdown in 6 months, with the year-on-year growth rate slowing to 3.6%, which will be the smallest increase in three years.

These two data may bring a glimmer of hope to the Fed's interest rate cut.

For crypto assets such as Bitcoin, it is good to have the expectation of interest rate cuts. Bitcoin has been sideways for more than a month and is in urgent need of positive stimulus to form a box breakthrough trend.

Interest rate cuts mean abundant liquidity, and more investors may seek non-treasury bond investment products with higher returns, and crypto assets are a good choice.

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