The United States will release June CPI data at 20:30 tonight, please pay attention to market fluctuations

Tonight at 20:30 (UTC+8), the United States will release the quarterly adjusted CPI annual rate for the end of June, which is expected to record 2.7%, higher than the previous value of 2.4%. Trump has recently upgraded his trade protection stance, and the expectation of a new round of tariffs continues to ferment, which has significantly increased the uncertainty of the inflation outlook and the Federal Reserve's policy path. If the upcoming June CPI data is lower than market expectations, it may temporarily weaken the expectation of a September interest rate cut, and risk assets such as Bitcoin (BTC) may face short-term selling pressure. ▪ The current BTC daily level shows that the price has recently fallen from a high level, forming a continuous bearish line and showing a clear short-term adjustment trend. ▪ At the hourly level, the price fluctuated repeatedly around 117000, failing to break through the upper pressure, while the low point gradually rose, possibly brewing a short-term rebound. Reminder: Market fluctuations may intensify at that time, so please be sure to do a good job in risk management.