BlockBeats reported that on August 6, President Trump of the United States fired the director of BLS, causing the market to worry about the politicization of inflation data. TIPS market (2.1 trillion US dollars) is highly dependent on the credibility of CPI data. If trust falters, it may become the first explosive point in the US treasury bond bond market. TIPS has performed strongly this year, reflecting high inflation expectations, and the market is highly concerned about next week's CPI report. Short term US Treasury yields have plummeted, and investors are betting that the Federal Reserve will cut interest rates ahead of schedule.
In terms of cryptocurrency, BTC's recent trend has been affected by macro uncertainty. 112000 is short-term support, and if it falls below it, it may trigger chain liquidation, and short-term pressure remains heavy.
BitUnix analysts suggest that the credibility of US inflation data is shaken, which will exacerbate market risk aversion and make short-term BTC vulnerable to liquidity liquidation. Investors are advised to closely monitor the support zone of 112000~113000 and strictly control risks if it is breached. If the CPI data runs out of bearish sentiment, there is a possibility of a rebound. It is recommended to adjust positions flexibly and wait for a clear direction before increasing.
