CPI data released, great news
BTC breaks through 5.9
Let's see if it is a simple rebound or a reversal of the situation:
1. CPI data
(1) June seasonally adjusted CPI monthly rate
Data release value: -0.1%, expected value: 0.1%
(2) June seasonally adjusted CPI annual rate
Data release value: 3%, expected value: 3.1%
From the data, all CPIs are lower than expected, among which the "June CPI monthly rate" is the first negative value since January 23; the "June CPI annual rate" is the first decline since the outbreak of the new crown epidemic.
The current situation shows that inflation in the United States generally cooled down in June, which further accelerated the possibility of a US interest rate cut. Some traders have predicted that the Federal Reserve has a 25% chance of a third 25 basis point interest rate cut this year.
After the data came out, BTC broke through 5.9w and reached 5.96w. However, such a rebound at the moment may be a boost to everyone's bullish sentiment, not a real bull market, because the two negative factors of Germany and Mentougou have not yet ended, and the short-term rebound should not be too overwhelming.
2. Those bids can be operated
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