tonight 8:30 US CPI:

• Year-on-year 3.3% (in line with expectations, previous 2.4%)

• Core CPI year-on-year 2.6% (below expected 2.7%)

A one-sentence summary of the crypto market impact:

Overall inflation increased (driven by oil prices), but core inflation remains soft

• The US Federal Reserve's rate cut will be delayed, but not more hawkish

• Crypto market: short-term volatility remains stable, no crash, and difficult to see a big rally
• Cao's advice: don't chase highs, don't open excessive leverage, watch more and act less until clarity emerges #cpi $BTC ‌