The First Tribulation: Huge BTC Options Delivery
Quarterly option delivery is worth US$9.45 billion, with the biggest pain point of $50,000. Because it is too different from the current price, it has little impact. However, the delivery of options will cause many uninformed novices to panic and lead to market crashes. There is no substantial negative. But it’s emotionally negative
The second calamity: PCE data release
PCE data will be released at 8:30 tonight, with an expected 2.8%. If it is too much higher than expected, it will be negative. As inflation is actually high, it is not suitable to cut interest rates too quickly. On the contrary, if it is not much higher than expected, it will not be a big problem.
The third calamity: Powell’s speech
Federal Reserve Chairman Powell will give a speech at 11:30 tomorrow night. If he continues to insist on cutting interest rates three times this year, the cryptocurrency market will rise.
If the attitude changes, both the U.S. stock market and the cryptocurrency market will fall, and there is a high probability that interest rates will be cut three times, so there is no need to panic.
Because today is a day of tribulation.
If you pass the tribulation, your fortune will soar.
If it fails, it will be dangerous MMP
It may pull back to $68000-65000
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