Last night's market showed a repeat of history: a sharp drop before and after the release of economic data, and then a rapid rebound.

The CPI data was higher than expected, leading many people to believe that there would be no more rate cuts this year. Market sentiment reached an extremely pessimistic level last night, and people generally believed that this was the bottom of the market. Today, BTC has re-entered $70,000.

There are three possibilities for this year's trend:

The first rate cut started in June The first rate cut started in September No rate cut this year

The second possibility is currently the most prominent, followed by the first. The possibility of no rate cut is almost zero. Although the market's expectations for rate cuts have been postponed, this has not ended the bull market, but has extended the bull market. Last night, Biden reassured the market, saying that the CPI data will lead to a delay of at least one month in rate cuts, but there will still be rate cuts before the end of the year.

At the same time, the Federal Reserve released the minutes of the March monetary policy meeting. Almost all participants believe that there is still a high probability of a rate cut this year.

As long as BTC does not plummet, although the altcoins have not followed the rise, they remain sideways, and there will be a wave of gains during the market consolidation process. Therefore, just be patient and wait. #BTC、