ethusdt Ideas

The PCE of May was better than the previous value, and the power of shorts has slowed down. This Friday will usher in important NFP. This will restart the medium-term trend. Many financial markets pulled back after rise in NFP in last month. Although we all know that the increase in NFP is likely to come from political needs and the increase in illegal immigration. Therefore, there is a divergence between it and the unemployment rate. However, with the market's full interpretation, we believe that as long as NFP is not significantly higher than expected, the market may ignore NFP and price a...

The market outlook The market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for the crypto market but for all financial markets. This situation is likely to last until early July before bulls come back and bring enthusiasm again. During this period, the PCE released this Friday will bring about a small rebound. BTC ETFs and market sentiment In addition, multiple BTC ETFs have experienced net outflows for several consecutive days, which is also a microcosm of the US market sentiment. After...

Bitcoin and US Stocks Rebound After the CPI data released by the Labor Department last week showed that inflationary pressures further eased in May, BTC and US stocks rebounded significantly, covering the decline caused by the previous employment data. FOMC Announcement However, in the subsequent FOMC, the dot plot showed that the median number of interest rate cuts this year was one, which was lower than the market expectation of two. And at a later press conference, Powell said that inflation had further eased, but was still higher than planned. This takes into account the CPI. The markets fell on the news. Crypto Market...