Can we buy at the bottom now?

Although it is not necessarily at the very bottom, it is also bought at a relatively low point. Look at those people who are hanging on the top of the mountain of Ondo or People at 1.5, they are almost cut in half, that is really uncomfortable.

So in comparison, our performance is still good, at least the current market trend has not exceeded expectations too much, and the advantages accumulated by the day and the month will form a snowball. For example, after the Ondo market rebounds, it rises to two U. If you enter the market with 1U, you can double your profit. If you enter the market with 1.5, you can only make 30% at two U, which is a difference of 3 times in profit.

Although the currency circle has fallen so much, there are still two major positives worth looking forward to in the near future. The first is that the Ethereum ETF we talked about in the last issue has a great probability of being listed on the New York Stock Exchange in advance on July 2.

By then, there will definitely be all kinds of reports flying around, which I think can inject vitality into the long-dormant currency circle. The second most important event recently is that the PCE price index, which is the most valued by the Federal Reserve, will be released at 8:30 p.m. next Friday night. This data is more important than CPI.

Because you often listen to the speeches of the Federal Reserve, you will know that they often talk about PCE rather than CPI, and the market is in urgent need of such data to confirm whether inflation has really begun to fall again. The previous value of PCE this time was 2.7%, and the market expectation was 2.6%, which is a default positive. The previous value of core PCE was 2.8%, but the market expectation reached an astonishing 2.6%, so it can be said that the market has high hopes for this PCE. After all, whether there will be a rate cut in September, and whether there will be one or two rate cuts this year, really depends on each current data.

The last time CPI was positive, Bitcoin flew from 66,000 to more than 70,000. If it can continue to fall this time, it may not only be a positive inflation, but it may even be a turning point in the Fed's policy. At present, the probability of positive is still very high.

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