On July 1 at 9 PM, the market is going to make a big move!

The new Federal Reserve Chairman Walsh is going to speak, and he has also summoned the heads of the European, British, and Canadian central banks to attend together. With such a big lineup, there will definitely be major action.

Let me be straightforward with you: stop dreaming about waiting for a rate cut. Last time he just took office, his tough stance directly crashed gold. This time he will be even more hawkish and won't go soft.

There are still many people naively waiting for a rate cut to buy the dip, which is too naive. As soon as he says the inflation problem is not resolved and rates must remain high, the dollar will immediately rally, and gold, Bitcoin, and all kinds of cryptocurrencies will easily see a big drop.

My stance is very clear: I firmly bearish. Tonight's speech is the opportunity for the bears to feast; going long against the trend will only be painful.

Never trade against the trend; follow the market direction. This joint speech is definitely a chance for the bears to pile on. #btc