Macro data this week:

Tuesday. Powell delivered a speech

Wednesday. 20:15, released the US ADP employment in June

Friday. 20:30, released the US non-farm employment in June

The last data released was 275,000, much higher than the expected 200,000, which caused BTC to plummet. This time it should return to normal, not so exaggerated.

In fact, the Fed’s policy is not very important for the recent impact on the currency market. The most urgent task is the Mentougou incident. The BTC worth 9 billion is not a joke. Even if only 1/3 flows into the market, there is still a scale of $3 billion, which is enough for ETF net buying funds to inflow for more than one month to offset. Mentougou must release the results before July 10.