Market changes: BTC trend and macro data intertwined

Global economic data are frequently released, closely intertwined with the digital currency market, and together weave a thrilling market picture.

On June 4, the US JOLTs job vacancy data was released, and the slight positive news brought a breath of fresh air to the market.

On June 5, the ADP employment report was positive, bringing a glimmer of hope to investors. At the same time, the Bank of Canada unexpectedly cut interest rates, injecting vitality into the market again.

On June 6, although the unemployment data was positive, the first interest rate cut by the European Central Bank was the highlight of the day, and the market enthusiasm was high.

But on June 7, the US non-farm payroll data was unexpectedly negative, like cold water poured on the head, and the market enthusiasm quickly cooled down. Although the unemployment rate data has improved, it is difficult to reverse the decline.

On June 12, the US May CPI data was significantly positive, and market confidence was restored. However, the Fed meeting dot plot shows that the number of interest rate cuts this year is limited, and Powell's hawkish speech has once again confused the market.

On June 13, the monthly PPI data for May in the United States was positive, but the BTC market still could not reverse the decline, and the market fell into speculation and panic.

During this period, the trend of BTC was significantly affected by macro data. Since it hit a high of 71,700 on June 6, it has entered a volatile downward channel. In sharp contrast, the S&P and Nasdaq have repeatedly set new highs, ignoring the negative news. This makes people wonder: Is the fate of BTC really in the hands of the Federal Reserve?

There are endless speculations about the timing of interest rate cuts. Personally, I think the interest rate cut may not be later than the November election. This involves complex political factors and may be closely related to the results of the election. Although the Federal Reserve has tough words, its position may change in the face of real pressure. The interest rate cut may become a reality in the near future, with a greater possibility from July to September, and September seems more reasonable.

For the grasp of market trends, investors are advised to keep an eye on it. If you are confused about the bull market operation, you can follow me and get more information through my homepage information. At the same time, I will also share some views on potential currencies for investors' reference. #美联储连续第七次维持基准利率不变 #欧洲杯开赛 #币安合约锦标赛