$BTC This week is very critical, up or down? In the long run, I am still optimistic that Bitcoin will continue to strengthen. Although it has been testing the bottom of 5.5W, it still has not broken through. The currency circle is no longer a follow-up stampede like before 5. There is just a little uncertainty, that is, the weekly line has a dead ❌. Observe the candles of the past two days. As long as it is not a big pillar to the bottom, it is nothing, and continue to be bullish.
$SAGA I don’t know what’s wrong with me. I bought this halved coin and have been selling it in large quantities. But today it seems to have positive inflows. Is it preparing for a pullback?
The CPI was slightly higher than expected, and the market fell back instantly, but rebounded immediately. The minutes of the meeting were also relatively neutral, and the expectation of interest rate cuts is still there!
Powell's speech tonight is generally dovish. The employment situation is improving and supply is strengthening. However, inflation has not yet reached the target of 2%. It is estimated that an interest rate cut is not far away.
Sorry, does the Fed meeting on interest rates have such a big impact? It will definitely fall this year, which is the question of how much. Overall, the U.S. stock index closed higher yesterday, so there won’t be any bubbles.