#BTC# Last night's CPI data was Favourable Information, and a deep V fan popped up. Then, the 2:00 am monetary policy meeting and Powell's speech poured cold water on the market. Powell's speech was quite restrained, trying to dispel the market's premature optimism.


Initially, everyone thought there would be two interest rate cuts. The dot plot lowered this year's rate cut expectations from three to one, and increased next year's expectations to four times. Powell doesn't want to celebrate prematurely and risk high inflation later on.
From the on-chain data, stablecoin has shown some fluctuations these days, and there has been some outflow of BTC in the exchange.
The release of various economic data in the future is of vital importance. Subsequent employment, PMI and other data will be important sources of fluctuations in the crypto world. If the data shows a cooling inflation, the possibility of interest rate cuts in September may be strengthened again.
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Joy113vip
· 2024-06-13 14:31
Break the thigh 😞
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