Market Analysis 5.12
Good morning, brothers. We experienced a correction this week.
From Monday to Saturday, there were five days of decline and one day of rise.
The dramatic bull-bear decisive battle will be next week!
Next week will usher in three major events.
(1) The key US inflation data CPI will be released on Wednesday next week.
Higher than expected is bearish, lower than expected is bullish.
If the data on Wednesday next week is lower than expected and Israel has not launched a fierce offensive, then BTC is expected to usher in a big rebound.
Otherwise, BTC will usher in a sharp correction.
(2) More than 6 Fed officials will give speeches next week,
Among them, the most watched is Powell’s speech on Tuesday.
(3) The peace talks between Israel and Palestine may be finalized next week.
If no agreement is reached this week, the talks will continue next week.
Currently, Hamas will hold consultations with various Palestinian factions to reconsider the ceasefire negotiation strategy.
Current strategy recommendation:
Position recommendation is below 60%, mainly holding relatively hard AR and BNB.
WLD pulls up a wave, remember to stop profit, and re-enter the market when it falls back.
Before the data is released next week and the Fed officials speak,
BTC may fall below $60,000.
At that time, we will decide whether to increase the position based on the results of the CPI data release.
