Now, even if you see the trend, you dare not take action. Let's take a look at the latest news data today!
The U.S. Producer Price Index (PPI) unexpectedly fell in May, confirming once again that inflation is falling, and the initial jobless claims data exceeded expectations, showing new signs of weakness in the job market, which seemed to counter the Fed's tough stance earlier on Thursday. The monthly rate of the U.S. PPI in May was -0.2%, lower than the expected 0.1%, and a sharp drop from the previous value of 0.5%, the largest drop since October 2023; year-on-year, PPI rose 2.2% in May after rising 2.3% in April, also lower than the expected 2.5%. The number of initial jobless claims in the United States reached 242,000 in the week ending June 8, exceeding the expected 225,000, setting a new high since the week ending August 12, 2023.
The current news is not purely positive or negative, but often both positive and negative. Let's first look at the decline in PPI, which proves that inflation is falling, which indicates positive news. Then we look at the number of people receiving unemployment benefits, which reached 242,000, exceeding the expected 225,000, indicating that the number of unemployed people has increased, which indicates negative news.
Let's look at the K-line trend of BTC tonight. The hourly line at 8 o'clock has already gone out of the death spiral, and the position of this upward pin is very close to the stop loss position given by Lao Deng. This is the stop loss position that everyone will make near this. Lao Deng judged that the subsequent dealer should continue to kill both long and short. If it is not cleaned up, a normal trend line will not come out. So Lao Deng's suggestion is to wait, and wait until the dealer finishes washing the plate before entering the market. From the K-line trend of last night and tonight, no one should be able to eat the trend order, and can only make ultra-short profits. See! Lao Deng will inform you as soon as the trend is formed in the later period! Please pay more attention to Lao Deng's articles, and don't forget to like them after reading them. After all, Lao Deng's data is also collected and sorted with great effort.
