TechFlow News: According to the latest article from 10x Research, the US economy is slowing down, which is a good thing for now. GDP is just above 1%, the ISM manufacturing index has been in contraction for several consecutive months, and the employment situation has continued to be weak, which has a negative impact on consumer spending. Last night, another key and forward-looking employment indicator, "job vacancies", slowed down significantly, all of which will lead to a decline in inflation.
This Friday we get more jobs data, a weak surprise could lead to a rate cut, and next week we get the CPI inflation report. If the CPI is up 3.3% year-over-year or less, it could push Bitcoin to new all-time highs.
A close triggered by a drop in US employment or inflation will undoubtedly set a new all-time high between this Friday and next Wednesday. Therefore, we expect Bitcoin to set a new all-time high (>73,500) by the end of next week.
