BTC Market Quick Report: What does it mean that the US CPI data is in line with expectations? How will the subsequent price of Bitcoin go? How to translate Bitcoin requires CPI data below 4.0% to alleviate selling pressure. The 4.2% data not only did not fall below 4.0%, but also confirmed that inflation has risen for the second consecutive month, reaching a new high in nearly three years!! So, CPI is expected to be neutral and bearish (about 4.2%), and I predict that Bitcoin prices will first fluctuate and then continue to decline! The data 'meeting expectations' means that the market has already pre priced the expectation of rising inflation, so there has been no panic selling that exceeds expectations. But there has also been no "lower than expected" rebound catalyst. The significance of CPI data meeting expectations: (1) Confirmed the macro background of persistent inflationary pressures (2) Strengthened the market expectation of 'maintaining high interest rates for a longer period of time' (3) The probability of raising interest rates before the end of the year remains at a high level of about 75% Today, just because Bitcoin hasn't fallen sharply doesn't mean it's starting to rise. The CPI data that meets expectations means that there is no rebound catalyst and no unexpected negative effects. The market will continue to fluctuate in the 60000-62000 range, waiting for the next catalyst - the Bank of Japan (June 15-16) and FOMC (June 16-17). The BTC price is still running weakly at 60000-62000- there have been no signs of reversal yet. I still believe that the direction of the medium-term downward trend will not change, and short-term fluctuations cannot reverse the downward trend! Bitcoin's subsequent price drop to 60000 is the first stop, 58000-59000 is the second stop, and 54000-55000 is the third stop. The final destination is still 42000-45000 yuan!