📝06/03 ~ 6/09 This week’s key information updates:

The US has mixed economic data at its best! 😎 The divergence in the market gives us more room to ride on unexpected growth and liquidity and continue to look up! The PCE inflation data for April released last week exceeded expectations and dropped by 0.1%, which brought some optimism to the market. However, the subsequent Chicago PMI (35.4) and Monday's S&P PMI (51.3) and ISM PMP (48.7) brought about a recession. To give a clear signal, the difference in business climate caused by the industrial structure is obvious, but at least for now, there is not much suspense about a soft landing of the US economy👍. Whether the Federal Reserve will cut interest rates this year has become a political choice.

Important economic data that have not been released this week: service PMI, May unemployment rate and non-farm payrolls are all currently expected to be good, with little change in expectations (it will not affect the market's continued strength). The most important thing is the European Central Bank meeting on Thursday. It is currently expected to cut interest rates by one yard to 4.25%, and the liquidity flood will begin to be released🌊. As mentioned before, global liquidity has continued to improve. As long as the economy shows no significant signs of downward trend, the bull market will will continue.

Japan is rescuing a complex international political struggle🤼. The low interest rate environment has caused the yen to depreciate against the US dollar in the long term. However, the continued depreciation of the yen will intensify the economic confrontation between China and the United States and will have a huge negative impact on US debt and the US dollar. This situation will be in the near future It began to change briefly. USDJPY has been suppressed below 160 since the government intervention on 4/29. Affected by bilateral monetary policies, the yen has gained an opportunity to rebound, and the yen-US dollar interest rate differential has also shown signs of bottoming. Various signs indicate that market liquidity has begun to change. Good, and the expected easing of international turmoil (which can also be seen from gold).

⚠️ The unique fundamentals of cryptocurrency still exist. Summarizing the recent overall market overview, the performance of the cryptocurrency market in June will not be too bad. Just pay attention to the CPI data in mid-June (expected to be disappointing) and the Federal Reserve interest rate decision may be repeated again. If selling pressure occurs, the lower limit of mainstream currency prices will continue to rise, and altcoins may backtest again to confirm the bottom.

📊 Take a look at the derivatives data: the capital utilization rate is relatively stable, BTC momentum is compressed, the capital effect has not yet appeared, and the sector continues to rotate. BTC chips are concentrated on long positions, and retail investors are confused about the market.

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Derivatives data source blave.org

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