Next week, the Federal Reserve will have three major events, which may affect the trend of Bitcoin. All coin friends should pay attention:
First, the PCE core price index was released this Friday. The expected value was 2.6%, and the released value was 2.6%, which was in line with expectations. It cannot be said to be completely positive, but it also shows that the inflation data is still high and has not declined. In the current market environment, there is no big positive, and neutral is considered negative.
Next week, three major events will happen
First, Federal Reserve Chairman Powell will deliver a speech. His speech to a certain extent represents the Federal Reserve’s short-term attitude towards interest rates. It is very important to pay close attention to it. Whether Bitcoin continues to go sideways is also affected by this.
Second, the US ADP employment in June will be released at 20:15 next Wednesday night. This data is known as the "small non-agricultural". If the labor market cools further, it is expected to boost the Fed’s confidence in cutting interest rates.
Third, the US non-farm payrolls for June will be released at 20:30 next Friday night. The last data released was 275,000, much higher than the expected 200,000. Then the trend of Bitcoin plummeted. This time it is expected to return to normal and will not exceed expectations.
In addition to several policies and speeches of the Federal Reserve next week, there is also the Mentougou incident. For the selling pressure of Bitcoin worth $9 billion, the first physical compensation will also be ushered in in early July, and the impact on the market is worrying.
In terms of positions, everyone should be careful not to be too heavy, the leverage multiple of the contract should be reduced, and do not blindly buy the bottom. Wait until the Mentougou incident falls on July 10.
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#Mt.Gox将启动偿还计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低
