CPI has landed! All the expected data has been digested! Bitcoin and Ethereum have directly expressed their stance! 🔥

The US May CPI annual rate is 4.2%, hitting a new high since April 2023, with core CPI at 2.9%, both in line with market expectations. After the data was released, US stock futures quickly narrowed their losses, with Nasdaq futures dropping from over 1.5% to 0.9%, and gold and silver prices rose in the short term—markets are clearly relieved.

Looking at our crypto side. One hour before and after the data release, Bitcoin $BTC ‌ surged from 61,700 to nearly 62,000, and $ETH ‌ also stabilized above 1630. Within 24 hours, Bitcoin reached a high of 62,709, ETH briefly touched 1,679.66, with very clear support at lower levels. The market has given a clear signal with actual actions—at worst, inflation might hover sideways at high levels, but expectations have already been priced in.

Additionally, $BEAT ‌ mentioned that the 24-hour trading volume hit over 92 million, with quite active turnover, and large price swings—only the skill of speculative funds is so sharp, whether they follow or not depends on individual risk appetite.

From the current data, this inflation surge in May was mainly driven by rising energy costs due to the Iran conflict, not a sign of overall demand overheating. The probability of the Federal Reserve maintaining interest rates unchanged in June remains above 98%, so there’s no need to overly worry about tightening expectations in the short term. The main message remains: macro fog is gradually clearing, don’t panic about the strategic layout, and leave the rest to time for validation.

🔥Summary:
1️⃣ CPI landing and meeting expectations, the market’s biggest short-term uncertainty is eliminated
2️⃣ Bitcoin and ETH support at low levels is obvious, funds are choosing their direction at key points
3️⃣ Short-term unchanged interest rates are highly probable, the most chaotic macro phase is passing

💬Comment section: Do you think this is just a rebound, or is a reversal really coming?

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