Hello brothers, a new week has begun. The market showed some improvement over the weekend, with BTC briefly breaking $106,000. But there are big movements in the U.S. again, with Trump stirring things up, causing panic on Monday and a sluggish market.
The preliminary outbreak of "civil war" in the U.S. [bomb]!
On one side is the Trump administration as the central government;
On the other side is the government of California, the largest state in the U.S.
Now Trump demands the daily arrest of 3,000 illegal immigrants,
Under pressure, the Immigration Enforcement Agency has recently intensified arrest actions,
With an average of about 2,000 people detained nationwide each day, still not meeting the target.
In the Los Angeles area, the Immigration Enforcement Agency reported 118 arrests last week.
A large number of National Guard soldiers have already been deployed to California;
Conflicts are continuously occurring on the streets of Los Angeles.
Trump said that all necessary actions must be taken now,
"To liberate Los Angeles from the invasion of immigrants."
The Governor of California condemned this move as an overreach by Trump that exacerbates conflicts.
This is just a fuse; if the states and the federal government fight,
Then the second American civil war will break out, and the cryptocurrency market will certainly be affected.
At the same time, Trump warns Musk that "the consequences of betrayal are serious,"
Musk has established the American Party,
And both sides are still on edge.
Last week, as we anticipated,
BTC dropped to the 50-day moving average for a washout and then made a deep V reversal,
Currently, the washout progress has reached 70%.
This week, the market is still expected to be volatile and washout, and we have to wait until Wednesday at 20:30,
When the U.S. May CPI data is released, to usher in a new turning point.
As long as the CPI is not too high, BTC will have reason to break through the resistance level.
Current operation advice: Large position in BTC,
Altcoin positions should not exceed 20%, and small funds should be used for wild trading.