Bad news is coming! You will lose money! The news over the weekend was bearish, mainly for three reasons:
In the past 24 hours, a total of 26,873 people were liquidated, with a total liquidation amount of 47.7168 million US dollars, and long orders alone were liquidated for 24.679 million.
The three negative events are:
1) The Federal Reserve Observation Data shows that the probability of the Federal Reserve maintaining interest rates unchanged in June is 96.5%, and the probability of cumulative interest rate cuts for 25 funds is 3.5%. The interest rate level is highly correlated with the trend of risky assets. Pay attention to the CPI data released by the United States next Wednesday.
2) The demand for cryptocurrency ETFs is weakening. In April, the Bitcoin spot ETF had its first net outflow, equivalent to about 170 million US dollars. At the same time, trading volume has continued to shrink since mid-April.
3) The Israeli-Palestinian negotiations have not been concluded this week, and they will be renegotiated next week, and the result will be finalized. Hamas will hold consultations with various Palestinian factions to reconsider the ceasefire strategy.
At present, Bitcoin may fall below 60,000 US dollars at any time. Don't be too heavy in your position. Pay attention to the CPI data results next week to decide whether to increase your position.
Like, collect and follow, Mengge will take you to the highway!
