There are expectations for CPI data, but don't expect too much in the short term. The new round of BTC main wave begins and the bull market still sees the June-August range. The market currently expects a 100% chance of a rate cut in September and December.

The US CPI and core CPI in April both fell slightly, in line with expectations, and inflationary pressure eased marginally. After the data was released, expectations for a rate cut by the Federal Reserve have clearly increased. The market currently expects a 100% chance of a rate cut in September and December. Looking forward, market sentiment is expected to be boosted by this data in the short term, but the risk of US inflation has not been completely eliminated. Our calculations show that the US CPI and core CPI may still be around 3% year-on-year at the end of the year, and we need to be vigilant about whether subsequent inflation data will exceed expectations again.

Finally, I want to tell my brothers: the bull market is still there, and there is nothing wrong with building positions on dips.