Market Analysis 6.10

Good morning, brothers! A new week has begun. Have a healthy Dragon Boat Festival.

Earlier last week, everyone felt that the Fed would cut interest rates ahead of schedule.

The reason was that a series of US economic data fell short of expectations.

And the Bank of Canada and the European Central Bank announced rate cuts one after another.

But on Friday, the situation suddenly changed.

The non-farm payrolls data exceeded expectations,

which severely hit the Fed's rate cut expectations.

BTC plummeted, and the copycats were bleeding.

The market has not seen a decent rebound in the past two days.

We haven't caught our breath yet.

Two major nodes are coming:

(1) On Wednesday, CPI data will be released. If it is lower than expected, it is positive. Otherwise, it is positive.

(2) On Thursday, the Fed will release its interest rate decision and a summary of economic expectations.

Then Powell will give a speech.

Every time data is released and before Powell speaks, the market falls.

Reduce the position to below 50% before Wednesday, and add more positions if CPI is positive

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