This week, two major events gathered, both of which are good signs:
First, the Bitcoin Conference is unprecedented
It is scheduled to be held on July 25, this Thursday. What is particularly noteworthy is that Trump will come and give a speech at the end of the conference. He may wave the flag for BTC, vowing to let the United States lead the trend of the cryptocurrency industry and support everyone's wallet self-custody rights. This statement is, in principle, good for the currency circle.
Second, ETH ETF may have good news
This week, there may be new news about ETH ETF. As we all know, "buy expectations, sell facts", the release of good news may also be the beginning of bad news. The current BTC price stands at a high of $68,000, and it only needs to rise by 10% to reach the previous high. The pressure is self-evident. The more BTC rises, the greater the risk of altcoins.
It should also be noted that the Mentougou incident has not yet been settled, so it is recommended to keep the position at 70%, leaving room for change. In this way, you can both seize opportunities and defend safely. The long-term prospects of the cryptocurrency circle are undoubtedly promising, but there are still negative factors in the short term. If you have invested all your efforts, you need to be brave enough to bear the corresponding risks. When the market is up and down, you need to keep a stable mentality and do not lose control, abuse or blindly sell your stocks. After all, returns and risks are always inseparable and positively correlated.
In addition, two major economic data will be announced this week, and their impact cannot be underestimated:
PMI data will be released at 21:45 on Wednesday.
PCE data will also be announced at 20:30 on Friday.
At present, the September interest rate cut has become a general market expectation. If the data is negative, US stocks and BTC may be affected. However, judging from the existing data, the September interest rate cut seems to be a foregone conclusion.
#以太坊ETF批准预期 #美联储何时降息？ #美国大选如何影响加密产业？
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