The macroeconomic situation is not optimistic, and the crypto market is plummeting 💀💀💀

BTC/ETH prices are still weak, and the technical analysis charts are also beginning to show downward characteristics. Yesterday, the Bank of England raised interest rates by 25 basis points to 4.5%, which is rapidly catching up with the Fed's pace. The decision was mainly based on the much stronger-than-expected economic situation and higher-than-expected inflation; however, even though the ECB's consumer expectations survey showed that inflation expectations are still quite solid, global government bonds still rebounded sharply yesterday because China's CPI/PPI and overall financing data were very weak, and the problems of regional banks in the United States re-emerged, drowning out all hawkish sentiment.