CPI across the board surprises! Short-term positives don’t change the broader downward trend

This time, the U.S. June inflation data came in across the board below market expectations. The CPI year-over-year rate fell to 3.5%, and core CPI recorded 0% month-over-month. The pace of inflation cooling far exceeded expectations, giving gold and crypto assets a very strong bullish boost in the short term.
But the market’s current bearish core structure has not been reversed. This push higher is only a sentiment rebound after the data release—don’t blindly chase the upside. The current market needs time to digest and unwind risk-hedging trading sentiment. At 22:00 this evening, the Federal Reserve’s monetary policy speech is about to take place. Officials’ remarks will re-anchor rate-hike expectations, and the market direction will then receive a second round of confirmation. If the rebound continues to face pressure, it will remain a window for staying short-high #摩根士丹利增持千枚BTC $ETH $BTC