Mentougou expects +PCE data to be released on Friday.
Last night, the U.S. stock indexes closed down collectively, causing the currency market to collapse.
On-chain data shows that stablecoins have flowed out of exchanges significantly, which is a bit negative.
In the short term, we still have to look at PCE data, and again, how to deal with Mentougou.
In the long run, it is still positive for three main reasons:
(1) In the long run, U.S. inflation will still decline.
The U.S. consumer default rate rose significantly in the first quarter, released yesterday,
The proportion of credit card debt overdue for 90 days or more reached 10.7%.
It shows that the economy may start to decline.
(2) Major traditional institutions are preparing to enter cryptocurrency
Chicago Mercantile Exchange is preparing a cryptocurrency exchange,
The New York Stock Exchange is also waiting for regulatory clarification before entering this field.
After all, trading cryptocurrency is a general trend and users have needs.
The more you can better meet your needs, the more money you can make.
(3) U.S. politicians guide cryptocurrency
The American emperor has a good one, which is MZ.
Whatever the people like, politicians must please
Trump expresses strong support for cryptocurrency
The Biden team has also begun to shift support for cryptocurrencies
So as not to offend the voters who speculate on currencies
In short, in the short term, let’s look at the PCE data at 8:30 tomorrow evening.
Expected 2.8%, higher than expected, negative plunge,
Lower than expected is good for the surge.
Wait for an opportunity with 50% of the position. If it is spot, don’t cut it if it falls.
The contract should find a way to stop the loss and at least lower the liquidation price.
If the data release is good, add more positions.