The market has experienced a wave of corrections in the past week. Is everyone's position okay?
Although this week is not calm, the highlight is next week. There are several major events to pay attention to:
1⃣️ The US will release key inflation data CPI next Wednesday. If it is higher than expected, it is bearish, and if it is lower than expected, it is bullish. If CPI is lower than expected and there is no big movement in Israel, then BTC is expected to usher in a big rebound, otherwise it may face a sharp correction.
2⃣️ There will be a lot of Fed bigwigs speaking next week. The most noteworthy is the speech of Fed Chairman Powell on Tuesday. His words are very important to the market.
3⃣️ The Israeli-Palestinian peace talks next week are also critical. Hamas will hold consultations with various Palestinian factions to reconsider the ceasefire negotiation strategy. This is also a variable for the market. If the situation is not good, BTC may fall below 60,000.
Old leeks remember to pay close attention to the news next week. At that time, you can decide whether to take the opportunity to increase your position based on the CPI data and the situation in Israel and Palestine.
