It's time to take a big gamble, should it be a ton or a lot?
The decision itself is not wrong, but the result is wrong.
The latest US CPI data showed that inflation rose by 0.3%, in line with expectations, and the price of Bitcoin soared to more than $63,400. The US core CPI soared by 3.6%, and the CPI rose by 0.3% in April.
Although it is higher than the Fed's 2% target range, Powell said on Tuesday that inflation is still high and considering maintaining interest rates for a long time. However, recent CPI data has alleviated concerns about the Fed's tough measures, and the probability of maintaining interest rates at the June meeting is 96.9%. After the release of the CPI data, the yield on the US 10-year bond fell and the US dollar index plummeted. The price of Bitcoin rose by 3.48% to $63,656.35, and the daily trading volume soared by 8.77% to $27.82 billion. The futures open interest also rose by 1.75% to 474,380 BTC.
The good news is for sure. After nearly a month of hard work, the Americans cannot have no results, but it is far from time to cut interest rates.
Now is not the time to buy the bottom. Don't chase it immediately.
This positive target is bullish! There are many people chasing shorts at present, and there will definitely be a big kill of shorts.
Please pay attention and become my fan.
Deduct 8 in the comment area. This wealth code is shared with you for free.
Again, if you take the initiative to find me, I will take you ashore, and you can just lie down.
Brother Dao will not let my fans miss out in this bull market! This is the truth👈
