1/ The answer is out. It seems that the demand for ETFs has fallen and then adjusted again. ETFs have also ended their 19-day net inflow and started net outflows again.

Of course, other news also continue to have an impact on #BTC , such as the non-agricultural data that exploded and the GameStop crash on Friday night.

Tonight, there will be CPI at 8:30 and the June Fed interest rate decision at 2 a.m.

If CPI falls as expected, it will drive a rebound in the market. If it unexpectedly exceeds expectations, it will be a big loss.

2/ What is more important is the June Fed interest rate decision. In addition to announcing the result of maintaining the interest rate unchanged, which everyone on earth knows, there is also a dot plot. This helps us understand how many times the interest rate will be cut this year.

The current market expectation is to cut the interest rate 1.5 times, so:

- If the dot plot shows that the interest rate will be cut once this year, it is bad news;

- If the dot plot shows that the interest rate will be cut twice this year, it is more relaxed than the market expected and is considered a positive.