Brothers, this week we have experienced a wave of daily level corrections. From Monday to Saturday, there were five days of declines and only one day of rises. I personally predict that the fierce bull-bear decisive battle will happen next week!

Next week will usher in three major events:

(1) The key US inflation data CPI will be released on Wednesday next week. If it is higher than expected, it will be bearish, and if it is lower than expected, it will be bullish. If it is lower than expected on Wednesday next week and Israel has not launched a fierce offensive, then BTC is expected to usher in a big rebound. On the contrary, if it is higher than expected, BTC will usher in a sharp correction. Everyone should pay attention to their positions!

(2) Next week, more than 6 Fed officials will give speeches, among which Powell’s speech on Tuesday will attract the most attention. This is worth paying attention to!

(3) The peace talks between Israel and Palestine may be finalized next week.

If there is no agreement this week, the negotiations will continue next week. Hamas will hold consultations with various Palestinian factions to reconsider the ceasefire negotiation strategy.

BTC may fall below 60,000. At that time, we will decide whether to increase our positions based on the results of the CPI data release. Anyway, watch more and do less, wait and see, and enter the market again when it stabilizes! #BTC走势分析