August 16 Bitcoin Market Analysis

In terms of macroeconomics, the U.S. retail sales monthly rate in July, known as the "horror data", recorded 1%, far exceeding expectations; the number of initial claims last week was slightly lower than expected, falling to the lowest level since July; after this data came out, the market's expectations for a U.S. recession have dropped significantly, but the probability of a 50 basis point rate cut in September has also dropped to 29%. The U.S. stock market is still strong, indicating that funds are still not worried about the deterioration of the macro environment. #市场