The start of the cryptocurrency market in July is still very good. Next, we will focus on the following important macro data:
🔺Powell will give a speech on Tuesday, which is tonight
🔺The US ADP employment figures for June will be released at 20:15 on Wednesday
🔺The US non-farm employment figures for June will be released at 20:30 on Friday
The last data released was 275,000, which was much higher than the expected 200,000, which caused BTC to plummet. This time it should return to normal and not be so exaggerated.
In fact, the Fed’s policy is not very important in the recent impact on the cryptocurrency market.
The most urgent task is the Mentougou incident. The $9 billion worth of BTC is not a joke.
Even if only 1/3 flows into the market, there is still a scale of $3 billion, which is enough for ETF net buying funds to inflow for more than one month to offset.
Mentougou will have results before July 10, and it will be real soon. Don’t buy the bottom these days, wait a few more days, unless you are short.
We need to prevent BTC from falling below $59,000. If it does, don’t sell your stocks and continue to buy at the bottom.
