Good morning, brothers. Last night's CPI data was positive, and there was a deep V rebound.
Then the interest rate meeting at 2:00 a.m. and Powell's speech poured cold water on the market.
Powell's speech was quite restrained, trying to dispel the market's premature optimism.
Originally, everyone thought that there would be two interest rate cuts.
The dot plot cut the expected interest rate cuts this year from 3 to 1, and raised it to 4 next year.
The dream of interest rate cuts can only be put on hold.
Old Bao doesn't want to open champagne in advance,
to avoid being slapped in the face by excessive inflation later.
From the data on the chain, stablecoins have rebounded in the past few days,
and BTC in the exchange has flowed out.
The release of various economic data in the future is crucial,
and subsequent employment, PMI and other data will become an important source of fluctuations in the currency circle.
If various data show that inflation has cooled down,
then the possibility of interest rate cuts in September will be strengthened.
I summarized it for everyone in early June:
From a large cycle perspective, we are currently on the eve of the Fed's interest rate cut cycle.
The day after tomorrow is beautiful, but tomorrow is cruel, and many people will fall tomorrow.
This includes abnormal economic data, Mentougou incident, war conflicts, etc.
The correction a few days ago has already caused a group of people to fall,
They were knocked down by abnormal economic data (non-agricultural data).
Yesterday, another group of people who shorted fell,
They were knocked down by abnormal economic data (CPI).
Yesterday, those who chased high and opened long fell again,
They were knocked down by Lao Bao’s speech.
In such a complicated situation,
How to see the development of the market in the future, how to operate now?
We have to think about the problem from the perspective of dog dealers.
Now many cottages have fallen to a more suitable position,
Inflation is falling, and there will be at least one interest rate cut this year and four times next year.
Investment is speculation expectations,
Can they make money by continuing to smash the market,
Or can they make money by going sideways and rising slightly?
It must be to buy low,
Wait for the speculation of interest rate cuts to rise before making money.
Therefore, we just need to hold the currency patiently,
If you buy value spot and don’t chase high PEPE and other coins, don’t panic.
If it is a contract, reduce the position or change to spot.
We must not fall down tomorrow, so that we can see the sun the day after tomorrow#美国5月CPI超预期回落