Unfortunately, this round of Bitcoin bull market is a "water buffalo"!

Typical characteristics:

1. The trend is similar to that of US stocks, and there is no independent market

2. The big positives cannot push; halving, Ethereum ETF, presidential candidates holding coins and other big positives cannot trigger the market

3. Weaker than big technology; compared with S&P, it follows the decline but not the rise; the trend is not as good as NVDA/META/GOOG/AVGO, etc.

4. Led by the US macro data and the attitude of the Federal Reserve; no temper at all

5. If the US does not release water, it will not be bullish; the EU and Canada and other countries have no response to the interest rate cuts

Looking back at the past ten days of big fluctuations:

On June 4, the US JOLTs job vacancy- — Small positive

June 5, US ADP employment number - positive

June 5, Bank of Canada's first interest rate cut - small positive

June 6, initial and continuing unemployment claims - small positive

June 6, ECB's first interest rate cut - positive

June 7, US non-farm payrolls - negative

June 7, US unemployment rate - small positive

June 12, US May CPI - big positive

June 12, Fed meeting dot plot - big negative; Powell's speech is hawkish

June 13, US May PPI monthly rate - positive; 👀Near "Jun Yang" + 威BTC88109

BTC's trend is completely controlled by these macro data; on June 6, it peaked at 71,700, and then faced negative news, breaking down and fluctuating downward; while the S&P and Nasdaq ignored the negative news and set new highs; a big non-agricultural negative news with false data and the Fed's dot chart showing that there was only one interest rate cut this year made BTC shaky

If CPI was negative, I believe BTC would have returned to 60,000 now, so BTC is a "water buffalo". As long as the Fed does not cut interest rates and release water, it will not be able to stand up! The situation of other altcoins can be imagined, they are leeches sucking BTC's blood#热门趋势 #热门事件 #美联储何时降息？ #币安用户数突破2亿 #ZKsync空投争议