Two major events this week, both are positive
(1) A Bitcoin conference will be held on Thursday, July 25th, and Trump will attend and give a speech on the last day
Trump will call for BTC, saying that he wants to make the United States a leading country in the cryptocurrency industry,
supporting everyone's wallet self-management rights, etc., which is good for the cryptocurrency circle.
(2) ETH ETF, there may be news this week
Buy expectations, sell facts, positive news may be negative news
The current BTC price is $68,000, and it will reach the previous high by another 10%, so the pressure is still great
The more BTC rises, the greater the risk of copycat
In addition, the Mentougou incident has not been completely handled,
It is recommended to hold a maximum of 60% of the position, so that you can attack or defend
The long-term outlook for the currency circle is optimistic, and there are some negative factors in the short term
If you decide to go all-in, you have to bear the risk of going all-in
If the price falls, don’t lose control of your mentality, don’t curse, and don’t sell at a loss
Returns and risks are always positively correlated
Two major economic data will be released this week
Both are higher than expected negative news and lower than expected positive news
PMI data will be released at 21:45 on Wednesday
PCE data will be released at 20:30 on Friday
Currently, the September interest rate cut has become the mainstream view in the market
If the data is negative, both US stocks and BTC will be hit
