LIVEBig news! This week will usher in two major economic events, the US CPI and the Fed's interest rate decision "come together", which may affect the trend of Bitcoin on Wednesday!
This Wednesday, the global capital market will usher in two major events, one is the US Consumer Index, referred to as CPI, and the other is the Fed's interest rate decision for June. Judging from past experience, these two things have a significant impact on Bitcoin, with a fluctuation range of more than 2%.
Although it is highly likely that the Fed's interest rate decision for June will remain unchanged this time, inflation data and the speech of Fed Powell are very critical. Whether it is "dovish" can also help us find clues to interest rate cuts!
The CPI data to be released on Wednesday is lower than expected, which is good news. If it is higher than expected, it is also bad news. In addition, it should be noted that the market falls every time before the CPI data is released and before the Fed Chairman speaks, so remember to control your position.
In the past few days, because the non-agricultural data exceeded expectations last Friday, the currency circle has been falling and has not been able to catch its breath. There are two more major data to be released next. Wait and see, Mengge will also interpret it as soon as possible, so be sure to pay attention.
Individual investors may be more pessimistic, while institutional investors are still optimistic. Well-known market maker DWF predicts that there will be a bull market in a few months. He tweeted that the Google search volume of altcoins has continued to decline since March 2024.
However, some investors think that their estimation logic is too simple, but some people are optimistic about DWF's observation of the trend of altcoins. After all, they are the top market makers of web3.
I just came back from Hong Kong these days and I am very tired. I personally feel the atmosphere of Hong Kong web3. It is still very promising. I also hope to communicate more with my friends in Hong Kong.
