Four major events to watch this week:

1. Powell's speech on Tuesday.

2. The US ADP employment figures for June will be released at 20:15 on Wednesday.

3. The US non-farm payrolls for June will be released at 20:30 on Friday.

4. Most importantly, there may be further good news about the Mentougou incident before July 15.

Market ups and downs response plan

Although the market has rebounded, stablecoins are still in a state of outflow. Avoid cutting losses when falling and chasing highs when rising.

1. Don't cut losses when falling: Many altcoins have fallen back to the starting point. It is recommended to keep some funds and continue to buy the bottom if Bitcoin falls to $59,000.

2. **Don't chase highs when rising**: Unless you are completely empty, it is not recommended to chase highs. More funds should be invested after the news of Mentougou becomes clearer.

For large capital investors, directly deploying $ETH is the most clear and safe solution. May is poor, June is desperate, July is a turnaround

The best scenario is that the Mentougou incident is properly resolved in early July, with delayed compensation or phased compensation, while inflation data declines and expectations of a Fed rate cut increase, then a new round of bull market may start. #币安合约锦标赛 #Mt.Gox将启动偿还计划 #VanEck提交首个SolanaETF