Focus on 3 major events this week:
1. Will Israel's attack on Hamas trigger a large-scale conflict? The current negotiations have broken down, and there is still very strong public support in Israel to continue the war. Small-scale conflicts are fine, but if it is involved in the conflict between Egypt and Iran, it will cause BTC to plummet, and the probability of a large-scale conflict is 30%.
2. The U.S. PCE data for April will be released this Friday night at 8:30 p.m. Friday. If it is higher than expected, it will be bearish. If it is lower than expected, then it will be awesome, and BTC is expected to challenge its previous high!
3. The U.S. Treasury Department repurchased U.S. debt for the first time in more than 20 years. Starting from this Wednesday, the U.S. Treasury Department will launch a series of U.S. debt repurchases, which will indirectly benefit the cryptocurrency circle. The Treasury Department will repurchase a large number of Treasury bonds, reducing the supply of Treasury bonds in the market, thereby pushing up Treasury bond prices and lowering yields, which is beneficial to risky assets in the cryptocurrency circle.
