Last night, we experienced two negative events!

PPI release was higher than expected, which was negative

Powell repeated the old tune, saying that there would be no interest rate hikes and no interest rate cuts as soon as possible. PPI release conference once fell slightly, and BN broke out a transaction volume of more than 4,000 BTC in 1 minute.

But from today's point of view, BTC's overall decline is not large, but many copycats have shrunk seriously. From the on-chain data, it is slightly negative, and the situation has not improved. The stablecoins in the exchange have not increased, but there are signs of increase. More BTC have flowed into the exchange, and more than 3,000 were added yesterday.

The key is to see whether the CPI data in the evening will give BTC a fatal blow or make the market reverse deeply.

The expected value of CPI is 3.4%, which is lower than expected or in line with expectations. If it exceeds expectations, it will fall. Both February and March exceeded expectations. The value of the previous period was 3.5%. #美国4月CPI通胀数据即将公布 #GameStop带动Meme板块 #5月市场关键事件