The CPI data last night was positive, and there was a deep V rebound. Then at the 2:00 am interest rate meeting, Powell's speech poured cold water on the market. Powell's speech was quite restrained, trying hard to dispel the premature optimism of the market.

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Originally, everyone thought that interest rates would be cut twice, but the dot plot cut the expected interest rate cuts from 3 to 1 this year, and raised it to 4 next year. Lao Bao didn’t want to open the champagne in advance to avoid being hit in the face by excessive inflation later.

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Judging from the data on the chain, it has stabilized and rebounded in the past few days, and BTC in the exchange has flowed out.

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The next release of various economic data is crucial. Subsequent employment, PMI and other data will become an important source of market fluctuations. If various data show that inflation has cooled, then the possibility of an interest rate cut in September will be strengthened. #币安合约锦标赛 #美国5月CPI超预期回落 #ZKsync空投争议 $BTC $ETH $BNB