This week, we will focus on three major events
1. CPI data will be released at 8:30 p.m. tomorrow. If it is lower than expected, it will be positive. Otherwise, it will be more positive.
2. At 2:00 a.m. tomorrow, the Federal Reserve will release the interest rate decision and economic forecast summary (FOMC meeting)
3. At around 2:30 a.m. tomorrow, Federal Reserve Chairman Powell will give a speech.
The June FOMC meeting will be one of the most critical meetings this year, because Powell will give the clearest hint so far on the timetable for interest rate cuts. Although the non-agricultural data exceeded the target, the previous data showed that the economy was in recession, and Powell's speech should be dovish. So it depends on CPI to determine whether BTC will have the last drop.
Before the data is released tomorrow night, the position will be reduced to a part today. Don't be afraid to reduce the position, because you can buy it back at any time after selling it. As long as the price drops by 1%, you can get more coins when you buy it back. Whether it is spot or contract, it is similar. If the CPI is positive, buy it again, and the difference will not be more than a few points.
The current currency circle should lower expectations and seek stability as the main focus. The secondary market is not easy to invest. ZK and Blast are about to issue coins. In the near future, you can pay attention to the meme coins on the new public chain.
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