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Ansem: The seasonal factor compounded CPI will cause U.S. stocks to continue adjusting, but it won't immediately shift from tech stocks to cryptocurrencies.

MarsBitNews
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Mars Finance News, June 10 — Crypto KOL Ansem stated that the upcoming CPI data, next week's first FOMC meeting and dot plot, combined with the continued strength of the stock market and seasonal summer factors, may trigger risk-off and bottoming behavior in the market over the next few months. Ansem also believes that there will not be a rotation of funds from tech stocks into BTC or ETH at this time, and specifically mentioned that MSTR stock is extremely weak with insufficient support below. Ansem announced this morning that he is shorting ETH at $1,640, planning to add to his position in the $1,680-$1,700 range, with a stop-loss at $1,735.
BTC-2.95%
ETH-3.38%
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