Tonight, the release of the US seasonally adjusted CPI annual rate data at the end of June will undoubtedly become the focus of global investors❗️❗️
CPI, or the Consumer Price Index, is an economic indicator that measures changes in the prices of a basket of consumer goods and services. It directly reflects the level of inflation and has an important impact on the formulation of monetary policy.
Expected data show that the CPI annual rate in June may fall from the previous month. If this trend is confirmed, it will be bearish for the US dollar.
First, lower inflation expectations may reduce market concerns about the Fed's tightening monetary policy, thereby reducing investors' demand for US dollar assets, and some funds may flow to riskier assets, including cryptocurrencies. This capital flow may bring some upward momentum to the cryptocurrency market.
However, the market's response to CPI data is not always direct and linear. In particular, Bitcoin has shown a trend of gradually decoupling from macroeconomic indicators in recent years. This means that even if CPI data has an impact on traditional financial markets, Bitcoin may show a relatively independent trend.
In summary, although the release of the US seasonally adjusted CPI annual rate data at the end of June may have a certain impact on the cryptocurrency market, this impact is multi-dimensional and multi-level, and it is necessary to observe the market trend after the data is released.
At present, there is a slight decline in the short term, and wait for low-buying according to the strategy plan
Once the positive factors appear in the evening, you can sit on a sedan chair😜
