The most volatile 24 hours of June are about to take place and you need to know this to ensure investment safety:
We are about to welcome two extremely important events from the US economy, taking place just a few hours apart and here are things you should know in advance:
1. CPI data release (12:30 UTC, June 12): This is an index that reflects the relative change in consumer goods prices over time. Annual CPI is expected to be unchanged from last month at 3.4%. Meanwhile, monthly CPI is expected to decrease significantly from 0.3% to only 0.1%.
2. FOMC event (18:00 UTC, June 12): This event often comes with information about interest rates. Based on unchanged year-on-year CPI, there is a very high possibility that the FED will keep interest rates unchanged.
After this meeting, if FED representatives provide information favorable to reducing interest rates in the coming months, it is likely that Bitcoin will grow strongly, bringing altcoins with them to increase in price. In a more negative case, Bitcoin could continue to correct or sideways.
Therefore, please limit trading with large leverage during these two events to avoid large market fluctuations causing your investment to be liquidated.
