观点分享
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No market situation can be predicted. The market trend is a reference to the price trend. The key to price fluctuations lies in the price conversion position (key price position). The degree of tacit understanding between buyers and sellers (the direction of the amount of funds that can affect the price movement) often determines the subsequent price trend. The closer the price cycle is to the price conversion position, the closer the direction signal is to the correct answer.
#干货 #观点分享 #BTC下跌分析 #德国政府转移比特币
#干货 #观点分享 #BTC下跌分析 #德国政府转移比特币
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Bitcoin's decline has multiple reasons
1. US economic indicators
The latest inflation and consumer confidence data from the United States played a crucial role in Bitcoin’s decline. The University of Michigan reported that the consumer confidence index fell from 77.2 in April to 67.4 in May, hitting a six-month low and below market expectations.
In addition, inflation expectations for the coming year rose to 3.5%, a six-month high, further exacerbating economic concerns.
2. Federal Reserve’s warning
Comments from Fed officials also added to market uncertainty. Fed Governor Lori Logan highlighted the upside risks to inflation and stressed the need for policy flexibility, suggesting that it was too early to cut interest rates. Similarly, Fed Governor Bowman stressed the importance of maintaining policy stability over the long term.
The latest inflation and consumer confidence data from the United States played a crucial role in Bitcoin’s decline. The University of Michigan reported that the consumer confidence index fell from 77.2 in April to 67.4 in May, hitting a six-month low and below market expectations.
In addition, inflation expectations for the coming year rose to 3.5%, a six-month high, further exacerbating economic concerns.
2. Federal Reserve’s warning
Comments from Fed officials also added to market uncertainty. Fed Governor Lori Logan highlighted the upside risks to inflation and stressed the need for policy flexibility, suggesting that it was too early to cut interest rates. Similarly, Fed Governor Bowman stressed the importance of maintaining policy stability over the long term.
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