Tonight's CPI data was 0.3% lower than expected, and the entire network was waiting for something higher than expected, but instead we got something lower than expected, which is considered a slight positive, albeit very small. In the short term, it won't change Old Powell's firm stance on not lowering interest rates; tonight's small rise is still driven by sentiment.
Because after the joint statement from China and the U.S. yesterday, the last short-term favorable news was fully released, today's CPI is just an added small dish.
However, without continued capital inflow in the short term, we will eventually face a correction. In the medium term, we will continue to watch the passage of BTC strategic reserves in various U.S. states and the tariff negotiations and implementations with other countries. In the long term, we expect interest rate cuts to inject liquidity, and then restart a big bull market!
