Where will Bitcoin go in a turbulent market?

Macroscopic view:

More macro data this week

PMI, fourth-quarter GDP revision, FOMC meeting minutes, and PCE data deserve attention

Among them, the PCE data that the Fed is most concerned about has a probability of exceeding market expectations. Personally, I think it will be unfavorable to risk assets when inflation rebounds.

It is particularly important to do relevant protection in combination with technical aspects. Hong Kong’s policies related to cryptocurrency are long-term positive for the industry.

The current trading logic is still as follows: "Strong economy" = bad, "Slowing inflation" = good

As the federal funds rate remains high for longer and the "recession trade" logic spreads to the market, the above trading logic will be completely opposite.

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