Common Tactics of Long and Short Double Explosions

According to Golden Finance, the U.S. Department of Labor will release the January CPI data at 21:30 today (Eastern Time 8). If the inflation data is lower than expected, it may boost market expectations for the Fed's rate cuts, push down U.S. Treasury yields and weaken the U.S. dollar, which is beneficial to risky assets such as Bitcoin. However, data from Mott Capital Management showed that the two-year inflation swap rate has risen to 2.8%, the highest since the beginning of 2023, indicating that the market expects that inflationary pressures may rise in the future. Analysts at BlackRock and Royal Bank of Canada believe that continued inflation in the service sector and wage growth above the Fed's 2% target may force the Fed to maintain high interest rates. CME data shows that the market expects the Fed to cut interest rates only once or remain unchanged this year with a probability of 54%. Bitcoin is currently fluctuating between $90,000 and $110,000, and a short-term breakthrough is unlikely.