This week, we will focus on three major events:
(1) CPI data will be released at 8:30 p.m. tomorrow. If it is lower than expected, it will be positive. Otherwise, it will be bullish.
(2) At 2:00 a.m. tomorrow, the Federal Reserve will release its interest rate decision and economic outlook summary (FOMC meeting).
(3) At around 2:30 a.m. tomorrow, Federal Reserve Chairman Powell will give a speech.
The June FOMC meeting will be one of the most critical meetings this year, because Powell will give the clearest hint yet on the timetable for rate cuts. Although the non-farm data exceeded the target, the previous data showed an economic recession, and Powell's speech should be dovish. So it depends on CPI to determine whether BTC has one last drop.
Before the data is released tomorrow night, reduce your position to a certain extent today. Don't be afraid to reduce your position, because you can buy it back at any time after selling it. As long as the price drops by 1%, you can get more coins when you buy it back. It is similar for both spot and contract.
If you buy again when CPI is positive, the difference will not be more than a few points.
Observation: people, pepe, wif, not, pizza, sol...
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