This week, pay attention to 3 major events:
(1) Will Israel's attack on Hamas trigger a large-scale conflict?
The current negotiations have broken down, and there is still very strong public opinion in Israel to continue the war.
If there is a small-scale conflict, it is fine, but if it is involved in the conflict between Egypt and Iran, it will cause BTC to plummet.
The probability of a large-scale conflict is 30%
(2) The US PCE data for April will be released on Friday night.
It will be released at 8:30 pm on Friday.
If it is higher than expected, it will be bearish.
If it is lower than expected, then it will be awesome, and BTC is expected to challenge the previous high.
(3) The US Treasury Department will repurchase US bonds for the first time in more than 20 years.
Starting from Wednesday this week, the US Treasury Department will launch a series of US bond repurchases, which will indirectly benefit the cryptocurrency circle.
The Treasury Department will repurchase a large number of treasury bonds, reduce the supply of treasury bonds in the market, thereby pushing up treasury bond prices and lowering yields, which is good for risky assets in the cryptocurrency circle.
