The reason for the sharp drop in Bitcoin has been found! Tonight, the heavy data will be released, and the market may usher in two-way fluctuations. What should we do in June?

Today, the downward trend of Bitcoin has never stopped from morning to night. It has been falling almost every hour. Before the press time, it even fell to 66,900 US dollars, with a daily decline of more than 3.3%. Many friends asked what happened? Is there still hope for Bitcoin in June?

The main reason is that the non-agricultural data released last Friday exceeded expectations, indicating that the economy is still strong and the pressure of inflation is very high. In this way, the timing of the Fed's interest rate cut will be weakened, and the liquidity of risky assets will decline if the interest rate is not cut. With the decline in liquidity, Bitcoin and altcoins will naturally fall.

In addition, the CPI data for May and the interest rate forecast for June will be released on Wednesday night. Risk-averse funds are worried about risks and often choose to run away in advance and choose to hold coins and wait and see.

According to current forecasts, the year-on-year increase in the US CPI in May was 3.4%, the same as before; the interest rate in June is likely to remain unchanged. 41% of economists expect that the Fed will only cut interest rates once this year or not at all.

The news of the Federal Reserve has almost become a weather vane for the trend of Bitcoin, but I think every pullback is an opportunity, especially for high-quality cottages. Less leverage, use the form of fixed investment to stock up more high-quality coins, and you will definitely gain something after the trend reverses.

In each round of bull market, Bitcoin has never risen smoothly. It will experience several pullbacks and be accompanied by countless bearish voices, but it will eventually set a new high and break through the cognition of many people. There is no big problem in the market now. The only thing is the short-term game of the Federal Reserve's interest rate cut. Hold your chips, be patient, and be friends with time!

Okay, follow me, use cognition to surpass other people in the market, and we will slowly get rich together!

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