Tonight! A speech by a heavyweight may affect the trend of Bitcoin

Last week, we experienced the release of CPI data, and Bitcoin reversed its decline and stood at 66,000 US dollars. There is no economic data released this week, but there will be a speech by Federal Reserve Chairman Powell at 0:30 tonight. His speech may affect the market's expectations for interest rate cuts in the future, and similarly, it will also affect the trend of Bitcoin.

According to past practice, Bitcoin fell before Powell's speech, and the market was relatively pessimistic. After he finished speaking, the market would rebound.

However, there is a negative external event today, that is, the hard landing of the Iranian presidential helicopter, which will deepen local conflicts to a certain extent, and the market will panic.

There is also news today that the market value of silver (1.83 trillion) has exceeded Bitcoin (1.31 trillion), with a gap of 500 billion US dollars, which means that Bitcoin needs to rise 40% to 93,000 US dollars to surpass the current market value of silver (assuming that silver remains unchanged).

Many institutions and professionals predict that within the next 12 months, Bitcoin may exceed $150,000, mainly driven by Bitcoin spot ETFs and the effect of halving.

#BTC走势分析 #5月市场关键事件 $BTC

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