[Breaking News] XT Research Institute reminds that the U.S. Department of Labor will announce the U.S. June CPI annual rate and seasonally adjusted CPI monthly rate at 20:30 (Singapore time) on July 11, 2024. This data will directly affect the Federal Reserve's monetary policy decisions, and in turn have an impact on high-risk assets such as Bitcoin. If the CPI data shows high inflation, the Federal Reserve may raise interest rates or reduce asset purchases, thereby reducing market liquidity and putting pressure on the Bitcoin market. Investors need to consider factors such as inflation expectations, the value of the US dollar, the Federal Reserve's policies, and market sentiment to understand the short-term and long-term impacts that CPI data may have on the Bitcoin market. What do you think? Feel free to share your views in the comments section! (Note: This analysis is not intended as investment advice)👇