The latest inflation expectation data has been released, sparking some discussions in the market. Although the expected value has been slightly adjusted upward by 0.1%, the current rate of 2.7% does not show any substantial difference from previous figures. This indicates that the domestic inflation issue has not seen significant improvement, and the so-called expectations for interest rate cuts may just be a castle in the air.

From the performance of the cryptocurrency market, the situation is not very optimistic. Taking Bitcoin (BTC) as an example, it faced significant resistance around $119,300 during the day, making it difficult to break through. This price level seems to have become a key testing point.

The situation with Ethereum (ETH) is similar, facing pressure in the range of $4400-$4420. Overall, the cryptocurrency market may face downward risks in the short term.

Investors need to be particularly cautious when making decisions, closely monitoring the changes in these key price levels. At the same time, it is important to pay attention to the global macroeconomic situation, especially the potential impact of inflation data on the cryptocurrency market.

Nevertheless, the volatility of the cryptocurrency market has remained high, and situations can change rapidly. It is advised that investors stay vigilant, manage risks effectively, and adjust their strategies in a timely manner based on market changes.