Inflation in the United States remained stable in June, with the core CPI growth rate below expectations for five consecutive months;
Tariffs have initially impacted the prices of sensitive consumer goods imported into the United States, and the effect on inflation is not minor. The market expects a low possibility of a Federal Reserve interest rate cut in July, with a maximum of two cuts within the year;
After a surge in the evening, there was a pullback, facing resistance at the 116000 level, with a daily closing forming a hanging man candlestick and located below the 5-day moving average. The KDJ indicator shows a death cross downwards, the MACD is declining from a high position, and trading volume is decreasing, indicating a bearish outlook at the daily level;
Personal trading advice: short on a rebound to above 118800–119400, with targets at 115000 and 113400, looking long-term at 110000! $ETH