Macro:

1. US CPI rekindled expectations of interest rate cuts, US bonds and gold jumped, and the three major US stock indexes hit new highs.

2. The US core CPI in April fell to 3.6% year-on-year, the lowest in three years, and the month-on-month growth rate fell for the first time in six months. The market raised its expectations for the Fed's rate cut speed this year.

3. "New Fed News Agency": There may still be no rate cut before September.

Market:

Expectations for rate cuts have increased, and Bitcoin has rebounded on the daily line. The first pressure level is 6.7, and we look forward to a new high.

ETH is relatively weaker than BTC, with the first pressure level at 3300.