Breaking: Just now, 2 billion USDT entered the market + Powell's dovish stance, the bears are in danger!
At this moment, ETH 2510, the adjacent US stock market is plummeting, should we short it?
Answer: Not recommended!
1. Following the previous mention of 1 billion USDT entering the market, Tether issued another 1 billion at 20:09, with a sudden influx of 2 billion real money within the hour tonight.
2. Tonight's annual and monthly rates are favorable news for the crypto market. PPI is an "upstream signal" of inflation; if PPI continues to weaken, it indicates a decrease in inflation pressure, increasing the likelihood of the Federal Reserve cutting rates.
3. Powell just spoke and emphasized one point: no comment on the outlook or monetary policy: the April PCE may be around 2.2, which is very close to the target for a rate cut of 2. It is important to note that this data will not be officially released until May 30, a spoiler alert.
4. Additionally, the increase in USDT does not mean that the coin price will rise immediately, but the whales definitely believe the current price is appropriate. I think the risk of shorting at this moment is relatively high.
