CPI higher than expected may affect Fed's rate cut expectations, increasing market volatility

According to reports from HashChain, current analysis indicates that if CPI data exceeds expectations, it could disrupt the market's expectation of two rate cuts by the Fed this year. Data shows that Bitcoin has broken through the triangular consolidation range and is currently stable at $116,817, performing strongly during the Asian trading session, while sell-offs have occurred in the European and US markets. Despite this upward trend potentially slowing due to seasonal weakness, the overall outlook remains bullish. Additionally, there continues to be inflows of capital into the cryptocurrency sector, and long-term investors may see gains this year.