From today's information:
BTC is trading sideways,
but altcoins including BNB have fallen sharply.
BNB fell below $630, which is quite unusual.
BNB was always relatively strong before, and this time the correction was a bit large.
On-chain data shows that stablecoins have been flowing out of exchanges in the past two days.
After the ETF opened yesterday, there was not much inflow of funds, some of which were 0,
and some have not yet released data. The current total outflow is $32 million.
This week, we will focus on three major events.
(1) Tomorrow at 8:30 pm, the CPI data will be released. If it is lower than expected, it will be positive, otherwise it will be positive.
(2) Tomorrow at 2:00 am, the Federal Reserve will release the interest rate decision and economic outlook summary (FOMC meeting)
(3) At around 2:30 am tomorrow, Federal Reserve Chairman Powell will deliver a speech.
The June FOMC meeting will be one of the most critical meetings this year,
because Powell will give the clearest hint yet on the timetable for rate cuts.
Although the non-farm data exceeded the target, the previous data showed an economic recession.
Powell's speech should be dovish.
So it depends on CPI to determine whether BTC will fall again.
Before the data is released tomorrow night, today's position will be reduced to at least 40%
Don't be afraid to reduce your position, because you can buy it back at any time after selling
As long as the price drops by 1%, you can get more coins when you buy it back
Whether it is spot or contract, it is similar.
If CPI is favorable, buy it again, the difference will not be more than a few points.
The current currency circle should lower expectations and seek stability.
The secondary market is not easy to invest, ZK and Blast are about to issue coins,
In the near future, you can pay attention to the meme coins on the new public chain.
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