🔥 U.S. CPI data released, pouring cold water on the crypto circle!

The general reports in-depth on the significance contained within, U.S. May CPI data rises again, inflation restarts its upward trend, core inflation remains high, reflecting that service sector inflation is still stubborn. The data largely meets expectations, with no drastic market movements in the short term, but it has completely weakened the market's hopes for rate cuts, and the Federal Reserve's duration of maintaining high interest rates will be further extended.

The continuation of the high interest rate cycle prolongs risks for risky assets, a strengthening dollar and tightening liquidity will continue to suppress the crypto market. In the short term, the market mainly shows sideways to weak movements, mainstream coins are under pressure, and the risk of altcoin capital fleeing increases.

The general believes that at this stage, it is not advisable to blindly go long or bottom fish, and recommends reducing positions and avoiding high leverage. Keep a close eye on Federal Reserve policy statements and inflation data changes, as macro trends will determine the medium-term market direction. #贝莱德减持BTC增持ETH $BTC ‌$ETH ‌