【CPI Data Interpretation】Market remains stable with continued oscillation, core strategy focuses on light positions and risk control

Tonight, the US core CPI data was released as scheduled. Overall, the data aligns with market expectations, remaining flat compared to last month, with no significant volatility from unexpected upward or downward movements. This directly contributed to the crypto market maintaining a stable trend, without sharp surges or drops, and both bulls and bears are currently in a wait-and-see phase 📊.

Looking at the specific data dimensions, the US February seasonally adjusted core CPI monthly rate was 0.2%, exactly in line with expectations, with the previous value at 0.3%; the February seasonally adjusted CPI monthly rate was also 0.3%, matching expectations, with the previous at 0.2%; the unadjusted February core CPI annual rate remained at 2.5%, with no deviation from expectations or previous figures. The precise alignment of these three core data points indicates that the current inflation level is within the market’s expected steady range, neither signaling hawkish concerns about persistent inflation nor dovish optimism about rapid cooling, serving as the main support for the market’s stable operation 📈.

From a macro transmission perspective, the steady CPI results directly stabilize expectations for Federal Reserve monetary policy. Currently, market expectations for Fed rate cuts have not experienced significant fluctuations due to this data. The US dollar index and Treasury yields remain relatively stable, and expectations for liquidity tightening or easing have not been reinforced. This causes cryptocurrencies like Bitcoin and Ethereum, which are high-risk assets, to temporarily lose the upward or downward momentum driven by CPI data as a core catalyst, resulting in a range-bound oscillation overall $BTC $ETH .