Nick Timiraos, the "McCurrency Spokesperson", said that after the release of the employment report last Friday, JPMorgan Chase and Citigroup gave up their call for a rate cut in July. Most sell-side economists and other professional MCC observers now expect the MCC to cut interest rates once or twice in September or December this year. (The layout is ongoing, no threshold communication: BNB987654321123321 Welcome everyone to participate and witness the moment of miracle together) The latest non-agricultural report of the MCC poured cold water on the market's enthusiasm. The crypto market has accelerated its decline, especially Bitcoin has broken down continuously. Although the spot ETF of Ethereum has been approved, it cannot support its accelerated decline. Tomorrow night, the CPI data of the MCC will be released and the MCC interest rate meeting will be held. In fact, the MCC rate cut is a mystery. It seems to have released something, but in the end, nothing was released. However, the crypto market has done enough to adjust in advance. It is expected that countless people have cut their losses after the recent adjustment. This forced short trend has also laid the groundwork for the super rebound in late June.