The United States will release May non-farm data at 20:30 on June 7 (Friday), and the interest rate decision will be made on June 12. Last week, the core PCE index of the United States in April showed that inflation slowed down. I predict that the non-farm data will continue to slow down and meet market expectations. The market believes that once the Fed's monetary policy enters a rate cut cycle, it will be conducive to the strengthening of BTC prices. For those who do contracts, please note that the spot market has little impact. Even if it is inserted, it will be quickly recovered. At present, it is more of an emotional positive, not a practical narrative positive landing. At present, the trading volume is shrinking and the volatility is narrowing. I estimate that the big change will be on the 12th, and the upward trend will start. In addition, BlackRock disclosed that the Ethereum spot ETF is expected to start trading at the end of June or early July, which is a positive catalyst. At present, the adjustment of time for space is ready to end. After the adjustment, it will continue to rise. Let's wait and see! In any case, the market is becoming more and more cost-effective, and now the cottage industry has basically stopped falling, but opportunities are always created by falling. I am still very optimistic about the market in June. Many sectors are at the bottom. If you look at the current price in two months, you will feel better. The US interest rate cut is coming (market funds will be more abundant), the US election will start in the second half of the year (the US election year, the market is a bull market year), the big cake ETF has been approved, and the Ethereum ETF has almost been approved. There is no basis for bearishness, only full of bullish basis.
Don't be afraid of wolves in front and tigers behind, look ahead and behind. Otherwise, big profits will be with you
