Golden Finance reported that despite the rebound in Bitcoin prices, Presto Research analyst Min Jung believes that Tuesday's gains only represent a slight correction after the market's recent sharp decline. “We see the market recovering, but it’s more like a small rebound after yesterday’s crash, with no dominant news driving this trend,” Jung said. “In addition, the stock market closed slightly downward on the day rather than a big sell-off again.” Investors are now paying attention to the U.S. Consumer Price Index released on Wednesday, a key measure of inflation. "Today's CPI release will be a major event as the market is focusing on inflation and how the Fed will respond," Jung said. "While Bitcoin and other cryptocurrencies have eased, the rebound has only corrected excessively cautious risk aversion," said Nick Ruck, director of LVRG Research. The price rebound was partly driven by news that Trump had cancelled the 50% tariff plan for Canadian steel and aluminum that was scheduled to take effect on Wednesday. Earlier on Tuesday, Ukraine agreed to Trump's 30-day ceasefire proposal, and U.S. leaders are now seeking dialogue with Russian President Putin to end the conflict. Vincent Liu, chief investment officer of Kronos Research, reminded that although tariffs have not been widely implemented to interrupt market momentum, volatility and macroeconomic risks still need to be treated with caution.