This week, the market may encounter three unfavorable situations:
First, Iran may really take action and be unfriendly to Israel. You see, their missile forces started to conduct exercises in the west yesterday, and they will continue until Tuesday. Israel is also getting nervous, thinking that Iran may really do it this week
Second, the old BTC in Mentougou has started to move again. They tried to transfer money before, and now everyone guesses that they may have to move to another place in the next one or two months. This move will definitely shake the market.
The third is the issue of purse that everyone is concerned about, and the inflation data is about to come out. Everyone is afraid that the number will be higher than expected, and the wallet will be even more deflated. If these three bad things really happen, then the current price of 48,800 may not be the lowest point of this round of decline.
But then again, if Iran is just scaring people, and the BTC in Mentougou has not really moved, and the inflation data is still good, then our wallets may be able to swell again, and the price can still soar to 60,000.
This week, we have to keep an eye on two major events. At 8:30 pm on Tuesday, the US PPI for July will be announced. If it is higher than expected, the market will fall; if it is lower, then we can be happy. And at 8:30 pm on Wednesday, the CPI will also be released. Just like the PPI, it is not good if it is high, but it is good if it is low. However, before this data comes out, the market usually has to tremble first, and get used to it.
Generally speaking, the larger the CPI, the greater the inflation rate, which is specifically manifested as follows:
When the increase in CPI>3%, we call it inflation
When the increase in CPI>5%, we call it severe inflation