Good morning everyone! This week will see three major events:

(1) The key US inflation data CPI will be released next Wednesday

If it is higher than expected, it will be bearish; if it is lower than expected, it will be bullish.

If it is lower than expected next Wednesday and Israel has not launched a fierce offensive, then BTC is expected to usher in a big rebound; otherwise, BTC will usher in a sharp correction.

(2) The most watched of these is Powell’s speech on Tuesday.

(3) The peace talks between Israel and Palestine may be finalized next week.