$BTC
Thoughts sharing before Powell's speech on May 8th
Around 94700 - 95000, if it stabilizes
and doesn't drop further, it might start to rebound, enter for buying
Wait until it rises above 97000, then sell and short, operate back and forth in this range to capture price differences in the volatile market.
Yesterday's point analysis also matched predictions
This time there is a high probability of a hawkish speech
Because the recent employment data in the US has been relatively stable, both the unemployment rate and non-farm data haven't shown major issues.
After the speech, the US stock market may drop by 2%, this time Bitcoin might fall by 2000 - 3000 dollars, dropping to around 93000 - 94000, with an extreme low of around 82000 - 86000.
Now the media is spreading that Powell is going to "hawkish", the market might start to decline early, it may begin to drop on Tuesday or Wednesday, and could drop the most on the day of the press conference on Thursday.
On Thursday, we will interpret it for everyone at the first time
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