ChainCatcher news, despite the U.S. inflation rate dropping to its lowest level in three years, the financial markets have yet to react even as investors hope for a potential rate cut by the Federal Reserve. Particularly in the crypto market, there has been virtually no impact from this news, with Bitcoin and others quickly recovering their upward momentum after a brief decline. The cryptocurrency market's muted response to the inflation report is partly due to growing investor interest in the bond market, as well as the brewing storm of the U.S. presidential election.Harris's strong performance in the recent debate has reignited hopes for the Democrats to win the White House, which is seen as a possible harbinger of dovish monetary policy. Conversely, if Trump wins re-election, it could increase government spending and subsequently put upward pressure on interest rates. U.S. Treasury yields have been directly impacted by this shift in investor sentiment, and this sudden change in market mood indicates a significant shift in investor attitudes, exacerbating pessimism about the economy and the general expectation of lower borrowing costs.Market observers note that caution remains the prevailing sentiment in the market. Investors are exercising restraint, choosing to wait for clearer signals before rebalancing their portfolios. (Jin Shi)

ChainCatcher message, Matrixport released a weekly report stating that the U.S. will release inflation data next week, and Bitcoin may see a recovery. Currently, Bitcoin is in an oversold state, which historically has often been accompanied by a rebound. If inflation drops below 3%, the market may respond positively.Risk assets are still significantly influenced by macroeconomic factors, especially concerns about economic growth and the job market. Trading volume and liquidity in August are expected to decline, which may lead to lower returns. The 18% drop on Monday confirmed the market's weak expectations.Last week, Circle stablecoin saw outflows, while this week’s inflows may indicate bottom-fishing. The Relative Strength Index (RSI) is below 30%, which may provide a buying opportunity, similar to the situation in June 2024. In a Bitcoin bull market, although consolidation may occur, an RSI below 30% is relatively rare.