【Why is it falling? Is it temporary or a trend reversal? How to deal with it and what to do? 】
1. What is the reason for the recent plunge? Will it continue to fall?
Two data are influencing the next market, namely:
(1) BTC spot ETF has completed 19 consecutive days of net inflow
(2) The BTC holdings of exchanges have reached a 6-year low
Both sets of data reflect that the current decline is just a technical correction, not a trend reversal.
2. Only remember to pay attention to a few things this week.
(1) CPI data at 8:30 pm on Wednesday
This time, the seasonally adjusted CPI data for the end of May was released.
The previous value was: 3.40%, and the predicted value was: 3.40%; the published value < the predicted value = good for the crypto market.
This CPI determines whether there will be another wave of decline.
(2) The interest rate meeting at 2 a.m. on Thursday, and Powell’s speech at 2:30 a.m.
This time, the Federal Reserve’s interest rate decision on June 12 was released.
Previous value: 5.50%, predicted value: 5.50%; published value < predicted value = good for the crypto market.
This interest rate meeting is the most critical one, because the Fed will give a clear timetable for interest rate cuts.
In terms of speech, although the non-agricultural data last week was negative, the previous data were positive, and the positives outweighed the negatives. Therefore, the forecast for this speech is dovish.
3. How to operate:
(1) Position
In order to prevent the market from falling again due to CPI data, the position can be appropriately reduced by about 30%.
If it falls, we will buy it back; if it does not fall, it is better, we can buy it back directly.
Seek stability first
(2) In terms of currencies
ONDO, it is found that there are whales buying the bottom, you can observe the ambush, focus on: around 1.19
PEPE, the high point has fallen by 35%, you can observe the ambush, focus on: around 0.000012
$ONDO