The Wall Street butcher's knife is hanging next week, those who dodge bullets during the life and death week will be qualified to bend down and pick up gold!
Brothers, this week the global market is facing a 'life and death challenge', with the core being the Federal Reserve's movements. Our crypto circle will undoubtedly experience turmoil, but crises hide great opportunities!
Tuesday: Focus on China! If the GDP data is 'disappointing', panic in the Asian market could see BTC instantly drop below 55,000 USD. My view: Asian sentiment is having an increasingly large short-term impact on BTC, don't underestimate it!
Wednesday: The US June CPI is a 'nuclear bomb'! Inflation data will directly determine whether the Federal Reserve continues its 'hawkish' stance or may ease. Historical case: Last year at a similar node, the CPI exceeded expectations, leading to a single-day drop of over 20% in BTC! This time it will be even more severe.
Thursday: The Federal Reserve's 'Beige Book' will reveal the true state of the US economy. My view: If the data is bad, it may actually be the 'lifeline' for the crypto market, as the market will bet that the Federal Reserve 'can't hold on' and will turn to easing. In the afternoon, the G20 finance ministers' meeting, if a 'easing' signal is released, XRP and SOL, which are sensitive to news, could soar instantly!
Friday to Sunday: If US consumer confidence data is poor, it may 'force' the Federal Reserve to consider a turnaround, the L2 sector (like OP, ARB) is worth ambushing. If the results of Japan's election on Sunday stimulate the depreciation of the yen, BTC may become a safe haven for Japanese funds.
Altcoin targets: MATIC around 0.3 USD, DOGE around 0.08 USD.
Tang Seng's view: Many large institutions are heavily trapped at this position, and their motivation to 'save themselves' by propping up the market will be very strong!
The 72-hour life and death countdown is about to begin, will it be panic selling or precise bottom hunting?
Follow Tang Seng, the homepage teaches you step-by-step how to place orders, load the bullets, and wait for the wind to come!#CPI数据 $BTC
