Just finished watching the AMA and also took a quick look at the latest retail data, which basically met market expectations, or even slightly exceeded them.

This data can actually be seen as an indication that the current employment environment remains stable and residents' consumption is resilient. There is no significant cooling on the demand side, indicating that the overall economy is operating relatively healthily. Coupled with the moderate inflation data released this week, it creates a relatively favorable macroeconomic environment for a rate cut in September.

However, interestingly, despite the good data, market expectations for a rate cut in September have slightly cooled down - from 61% previously to the current 54.4%. Of course, this level of downward adjustment is not enough to truly shake the general direction of a rate cut in September; it is more likely a fluctuation in short-term trading sentiment.

Overall, this round of data will help push US stocks to continue to strengthen, but the direct driving effect on Bitcoin is relatively limited. In the end, it's still the same saying: If BTC cannot effectively break through the key range of 120,000 to 122,000 this week, the market rhythm next week will likely enter a period of volatility or even a slight correction.

The biggest highlight for the rest of the week is the Genius Act regarding stablecoins, which may be the only policy catalyst for the crypto sector in the short term. #特朗普施压鲍威尔