6.16 A new week begins!
【⚠️$BTC Danger signals reappear】
Weekly closing weak, showing signs of profit-taking at February highs, false breakouts have continued for a month, market capitalization has fallen below 3.3 trillion, and funds continue to flow out across the network. Please be cautious of risks with heavy positions/leverage/spot long positions.
This week, a macro storm is approaching:
1. Tuesday the Bank of Japan's interest rate decision, need to avoid interest rate hike risks.
2. Thursday at 2 AM, Federal Reserve decision, Powell speaks at 2:30, hawkish or dovish is unpredictable.
3. Trump's 90-day tariff suspension will expire on July 8, the market may repeat the deep washout seen from June to August last year, with no hope of rate cuts before September.
🔥 Hotspot tracking:
1️⃣ Trump's family DeFi project $WLFI has surpassed a market cap of 10 billion before trading, Justin Sun made a profit of 300 million by entering early.
2️⃣ Binance's Alpha projects KOGE and ZKJ have plummeted, with project parties seizing the opportunity to sell at high liquidity points, Alpha trading volume has halved.
3️⃣ Public chain SOL rebounds, strong ETF expectations, leading staked token $JTO strengthens concurrently.
This week may welcome a critical turning point, be sure to control risks and respond cautiously.
