An important data release is scheduled for tonight, which is the US April CPI. If the data is favorable, the probability of interest rate cuts will increase; conversely, it will decrease. The market currently predicts this will happen by July.

Last night, US stocks opened high and continued to rise, but the market showed signs of a pullback, with a significant drop in the index. Almost every time positive news comes out about Trump, both the index and the altcoins experience a significant pullback.

Brother Qi suggests that we should mainly wait and see in the current market conditions and avoid entering the market. The index is still on a downward trend, and it is not advisable to chase short positions now. Wait for a pullback before shorting at a higher point.