#加密市场回调 The U.S. July retail sales month-on-month is a key economic indicator, with the market expecting 0.5%, reflecting inflation and interest rate cut expectations, affecting U.S. stocks and cryptocurrencies:

Above expectations >0.5%: Retail data is strong, raising market concerns about uncontrollable inflation and potential interest rate hikes by the Federal Reserve, leading to a sell-off from risk assets, with panic selling in U.S. stocks and cryptocurrencies.

In line with expectations =0.5%: Expectations have been priced in, resulting in a tug-of-war between bulls and bears, leading to differentiation among U.S. stock sectors and cryptocurrencies, with market volatility and consolidation; high-quality targets may resist declines, while poor performers and speculative coins are prone to fluctuations.

Below expectations <0.5%: Reinforces expectations for interest rate cuts, with funds flowing back to risk assets, leading to a rebound in U.S. stocks and cryptocurrencies that have fallen sharply, but due to concerns over economic weakness, the rebound potential is limited.