Today's CIP data has come out, 2.9, which can be said to be a data in line with expectations, and the market fluctuations are also very small.
Judging from the pre-market situation, the market is not panicking at all. After all, the data is still biased towards the positive side, so it will basically pull up today. The big cake is at 6.15, and it has not been passed for 5 times.
If it can break through and stabilize today, it will basically break through to around 6.35, but this wave has basically not increased its holdings, so everyone does not need to be in a state of mind.
In fact, judging from historical data, the recession of the US stock market is inevitable. Although the last interest rate hike in Japan caused a sharp drop of 8.5 in Bitcoin, the yen is now timid and dares not to raise interest rates again. However, in fact, they will definitely raise interest rates, but the pressure from the United States has been too great recently, and they can't stand it, so they have to beg for mercy from the United States first.
So in the short term, the interest rate cut in September is basically a foregone conclusion, that is, the difference between 25 and 50BP. If it is 25 BP, then the market will interpret it as a positive, and there is no need to panic.
