🌞🌞🌞 Good morning, Iron Brothers!!!
Tonight there will be an important data release, which is the US CPI for April. If the data is favorable, the probability of interest rate cuts will increase; otherwise, it will decrease. The market currently predicts this will happen by July.
Last night, US stocks opened high and continued to rise, but the market showed signs of a pullback, with a waterfall effect seen in the index. Almost every time Trump delivers favorable news, the index and the altcoins experience significant pullbacks.
Brother Qi suggests that we should mainly observe the current market situation and not enter the market just yet, as the index is still in a downward trend. It is not advisable to chase shorts; instead, wait for a pullback and then short at a higher point.
I will continue to monitor market news and will enter the market to make arrangements when there are opportunities. Those who want to keep up with Brother Qi can send 777!!!
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