10x Research: Still sticking to the strategy of "bullish BTC, bearish ETH"

Well-known investment research institution 10x Research said in its latest article this morning that CPI recorded 3.3%. As expected in our report last week, CPI recorded a lower value (3.3%), which is the second decline since the peak of inflation in April, which should be good news for Bitcoin. In addition, although the FOMC expects only one rate cut this year, the market still expects two rate cuts. As we have seen the highest inflation data this year, the FOMC is likely to adjust their expectations before the end of the year. The stock market has safely completed the adjustment of interest rate cut expectations and has rebounded, which should also be good for Bitcoin. In summary, we still stick to our strategy-holding Bitcoin and avoiding other assets (such as Ethereum). Our previous analysis shows that lower CPI data tends to drive Bitcoin prices up, and we expect this trend to continue.