Michigan inflation data will be released at 10 p.m. on May 24. The last data on May 10 was significantly higher than expected, which had a negative impact on the market.
The data this time is particularly critical. Let me share my views:
I think this time there is a high probability that it will be a good thing, because from April to May, the prices of major commodities such as oil and natural gas fell, and the decline was quite significant.
If the data is positive, Bitcoin is likely to directly break through to 70,000 or even higher. We can wait until next week to see what the market does.
