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6.10 Market Brief Analysis
Market Overview:
At the beginning of last week, the market was expecting the Fed to cut interest rates early, but the non-farm payroll data on Friday exceeded expectations, leading to a big dump in BTC.
This week's focus:
Wednesday: Release of CPI data.
Impact: Data lower than expected may be favourable for the market.
Thursday: The Fed announces the interest rate decision, and Powell delivers a speech.
Impact: Providing clues to monetary policy, which may cause market fluctuations.
Operation advice:
Reduce the position to below 50% by Wednesday and consider increasing the position based on CPI data.
Stay cautious before the Federal Reserve decision and avoid excessive trading.
follow, bome pew.