Although both the US stock market and BTC fell over the weekend, the homework is not difficult to write. As we have been saying these past few days, market sentiment can be driven by financial reports, but liquidity will not improve because of financial reports. Especially the trend of institutional funds and overall market selling that has been talked about for four consecutive days is evidence of the current market situation. The core narrative at present is still the lack of liquidity, which is the corresponding result of insufficient funds. To solve this difficulty, monetary policy is still needed. Today's PPI data is also not good. Although it is lower than the previous value, it is higher than expectations. The monthly rate is higher than the previous value and expectations. The annual and monthly rates of the core PPI are also higher than the previous value and expectations. With two consecutive months of falling inflation, this month may encounter some challenges, which is also a concern for investors. If PPI rises, PCE may also rise, which is not good news for US monetary policy. But in the long run, I am not very worried. On the one hand, the US tariff that suppressed the Federal Reserve to cut interest rates has already had results, and there is a greater probability that inflation will decline after losing the tariff threat. On the other hand, as June approaches, the chairman of the Federal Reserve is a very important trump card of Trump. There is indeed a chance for further easing in the second half of 2026 to build momentum for the midterm elections. Looking back at the data of Bitcoin, it is still a day when both trading volume and turnover rate have decreased. There is nothing to say about this. Investors' buying sentiment has already detached from the financial report, and where it rises, it falls back, which is due to insufficient liquidity. Every rise may be due to the exit liquidity of institutions and hedge funds. Today is the last working day, and if the PPI data is not good, emotions will be brought into the weekend, and the liquidity on the weekend is chaotic, so I hope there won't be any problems. I don't expect anything else, but by the way, if there are any problems, it may also be a good opportunity to buy at the bottom. @bitget VIP， Lower rates and more generous benefits