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🔥🔥🔥Is a big drop coming soon?
🍕🍕🍕On May 8, Powell is likely to "release hawkish"!
Now the media are spreading this matter, the market may start to fall in advance, starting on Tuesday and Wednesday, and the biggest drop may be on Thursday, the day of the press conference.
The US employment data has been stable recently, and there is no big problem with the unemployment rate and non-farm data. The last time Powell spoke, the US stock market fell by 2%. This time Bitcoin may fall by 2,000-3,000 US dollars, falling to around 93,000-94,000, and the limit may be around 82,000-86,000.
The probability of the Federal Reserve cutting interest rates in September this year is high, higher than the probability in May and June. Powell will not step down before September, and gold will fluctuate from May to September.
Note that a fast rate cut is not a good thing. A rate cut does not mean a rise. A rate cut too quickly will trigger inflation.
To learn more, see my previous post "Sharing Thoughts Before Powell's Speech on May 8". Bitcoin stands firm around 94,700-95,000. Buy it when it stops falling and starts to rebound. Sell it short when it rises above 97,000, and make a profit by operating back and forth in this range.
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