The U.S. June one-year inflation rate expectations and the U.S. June consumer confidence index were released

Inflation expectations: recorded 3.3%. In the expectations of respondents, the probability of a reduction in U.S. inflation in the next year is low, which is bearish for risk markets.

June confidence index: recorded 65.6, lower than expectations and the previous value. The decline in the consumer confidence index means that respondents are less willing to consume, the short-term economy is weaker, and short-term inflation pressure is reduced, which is good for risk markets.

The answer given by the overall data is that there are conditions for short-term inflation to be reduced, but respondents believe that long-term inflation in the United States remains highly elastic.

After the data was released, the short-term fluctuation was 500 points in one hour. Since inflation is still elastic in the expectations of respondents in the long run, the expectation of interest rate cuts has declined, and market sentiment has fallen again.

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