What signals are hidden in the Bitcoin surge and retreat under the double impact of the China-US trade agreement and CPI data?

On June 11, U.S. President Donald Trump announced on his social media platform Truth Social that the United States and China have reached a trade agreement, which is currently in the final stages of formal signing.

According to reports from foreign media, the terms of the agreement include a total tariff rate of 55% imposed by the United States on China, a tariff rate of 10% imposed by China on the United States, and China will supply the United States with all "necessary rare earths." He also stated that the relations between the two countries are "very good" and allowed Chinese students to continue studying at U.S. universities.

However, although it is mentioned that "the United States has imposed a total tariff of 55% on China," this statement remains quite vague. It is unclear whether this means that the tariffs imposed by the United States on China will be raised from 30% to 55%. The market is still waiting for further details.

Negotiations for the agreement began on Monday (local time) in London, and a preliminary consensus was reached in just two days. It now only requires the approval and signatures from the Chinese leadership and the U.S. president. From Trump's statements, he seems quite satisfied with the terms of the agreement.

Meanwhile, the U.S. Consumer Price Index (CPI) data for May was also recently released, showing an annual inflation rate of 2.4%, with a slight increase of 0.1% for the month. According to CNBC, this indicates that tariffs have not had a significant impact on the U.S. economy, at least for now, which is inconsistent with the concerns many had previously.

After the announcement of the China-US trade agreement and the release of the CPI data, the Bitcoin market reacted quickly. The price of BTC surged from about $109,000 to $110,000 in just a few minutes.

However, Bitcoin has failed to continue rising. As of now, the price of Bitcoin has dropped to $107,749, with a 1.6% decline in the past 24 hours.

At the same time, the market is closely watching the impact of CPI data on Federal Reserve policy. Bitcoin is experiencing increasingly intense fluctuations at key price levels, with the divergence between bulls and bears becoming more apparent, suggesting that the market is about to undergo a significant shift.

Is this a typical script of "good news being fully priced in," or is it a common method for large funds to use the opportunity to wash out positions? The answer remains to be revealed!

Do you think this recent surge and drop is a short-term adjustment or a trend reversal? What signals will determine the next direction of the market? See you in the comments!

#中美贸易协定 # CPI data #Market Interpretation