Tonight, the United States will announce the CPI data, and on Thursday, the PPI data will be released, followed by the FOMC meeting in eight days. Currently, the market generally predicts that the probability of a rate cut at this meeting is around 90%.
Before the FOMC meeting, Federal Reserve officials will enter a 'quiet period' and will not make public statements. However, according to data from the Chicago Mercantile Exchange, it is highly likely that the Federal Reserve will implement an easing policy this time.
From a macro perspective, the continuous easing of the two major economies, the United States and China, is undoubtedly good news for the financial markets. I believe that the current bull market cycle has not yet ended, so there is no need for everyone to worry too much.
For friends with idle funds, now is a good time to increase your position in spot trading. It is recommended to build positions in batches and seize the opportunities provided by the market.
When the price of Bitcoin approaches $100,000, consider performing swing trading, using Bitcoin as a market barometer. You can choose not to invest in Bitcoin and instead purchase altcoins, but when Bitcoin approaches $100,000 again, you can sell in batches. Personally, I suggest building positions in batches in the range of $101,000 to $103,000. This is the first position, then add another layer in between, and a final layer at the top, setting a stop-loss. This level has a very suitable risk-reward ratio and is worth trying.
