Last night, CPI has raised the probability of a rate cut in September to a new level, and some Wall Street traders have begun to expect three rate cuts this year
The rate cut that everyone has been thinking about has come to a certainty, but the US stock market opened higher and then fell, and the crypto market also rose and fell again at the beginning of the data release
In the case of favorable data, BTC has never been able to effectively break through and stabilize at 60,000, so it cannot change the downward trend at the daily level, and there is still a risk of decline, especially at present, the weekly support of 57,700 has not been supported, indicating that the positive sentiment of the rate cut in September and even the second rate cut in December has basically been exhausted
From this week to next week, the available bullish sentiment is cautious. ETH's ETF, the current ETF gossip is that it may be passed next Thursday, July 18, but the enthusiasm for ETF, which has been brewing for nearly half a month, has almost evaporated. The bulls are beaten every other day, and no one can maintain enthusiasm. Now I am afraid that ETH spot will be like the Cancun upgrade in March with much thunder but little rain. $ETH
