CPI is higher than expected, and many people think that there will be no interest rate cut this year.
Last night, I said that extreme pessimism is the bottom.
Today, BTC has re-entered $70,000.
There are three possibilities this year:
The first interest rate cut will start in June
The first interest rate cut will start in September
No interest rate cut this year.
At present, the second possibility is the largest, and the expectation of interest rate cut is delayed.
In fact, it did not end the bull market, but extended the bull market.
Last night, Biden reassured the market, saying that CPI data will cause the interest rate cut to be postponed for at least one month,
but there will still be an interest rate cut before the end of the year.
At the same time, the Federal Reserve announced the minutes of the March monetary policy meeting.
Almost all participants believe that interest rates may still be cut this year.
As long as BTC does not plummet, although the cottage will not follow the rise,
it will rise after a few days,
so just be patient.
There has been no major economic data released recently, $BTC is expected to challenge the previous high
