Before the Fed releases the data, the market is likely to be trendless, that is, it is mainly volatile. Buy when it falls too much, sell when it rises too much, don't chase the rise and sell when it falls!
In general, the ETF hype of Ethereum will definitely come again. At present, many Ethereum series products are at a low level. This is a good opportunity to ambush and increase positions. Buy when it falls and sell when it rises!
The real violent bull market in the crypto market is in the third quarter, so everyone should have confidence and never give up. Whether it is a short-term adjustment or a decline, it is all for the big bull market to accumulate power. Take the spot and hold it firmly, especially high-quality assets.
At present, the market should pay attention to the position near 67,000. If the 4-hour level receives below 67,000, then short-term adjustments are inevitable, and the market needs continuous baptism. At present, what everyone can do is to study and learn more, and at the same time, the more it falls, the more you should buy high-quality assets.
There are several macro data this week, especially the release of CPI + interest rate decision + monetary minutes tonight. If the data tonight is positive and supports the rebound, there will be opportunities in the short term, but the premise is that it must reach a new high. The rebound cannot reach a new high, and there will be a subsequent correction.
1. CPI data will be released at 20:30 tonight. The annual rate of core CPI in the last quarter of May, the previous value was 3.6%, and the expected value was 3.5%. Data higher than expected is a negative correction, and data lower than expected is a positive rebound. There have been four consecutive negatives and one neutral. Let's see if the data tomorrow night will be positive.
2. At 2:00 a.m. tonight, the Federal Reserve will announce the interest rate decision and economic forecast summary (FOMC meeting).
3. Around 2:30 a.m. tonight, Federal Reserve Chairman Powell will deliver a speech.
Tonight's CPI data is still relatively important. Judging from the current trend, there is a high probability that it will be an opportunity to bottom out and rebound. After all, we must always believe that the bull market is still there and the bull market is far from over! Therefore, temporary market weakness does not affect the long-term trend. We must ride the trend and follow the trend!
The main reason for the decline of Ethereum is the non-agricultural data report, coupled with the fact that a giant whale suddenly began to sell more than $56 million worth of Ethereum and other reasons.
In fact, many altcoins have already fallen to the bottom where they can’t fall any further. No matter how much they fall, they can’t fall any further. At this time, as long as there are valuable altcoins, you can take them and hold them until the bull market!
