6/14 Bitcoin Early Market Analysis

According to statistics (recorded on both platforms), yesterday's BTC spot trading volume was only about 1.4 billion, and the contract trading volume was about 16 billion. From early this morning to now, the spot trading volume is only about 110 million, and the contract trading volume is about 1.6 billion.

Obviously, both yesterday and today, the trading volume has decreased significantly, indicating that the strength of the entire market is getting weaker and weaker. The main funds have also begun to concentrate on several altcoins such as BNB, and the market funds have decreased significantly.

Although yesterday's CPI data brought positive news, the stimulus to the market was less than 500 points, and the entire market still fluctuated in a large range of around 700 points.

The Fed will announce its interest rate decision early this evening, which is expected to bring only a 300-point swing to the market at most. The market has already expected a pause in rate hikes unless plans change.

Focus on the Fed's attitude towards the July rate hike. Confirming or increasing the rate hike may accelerate the arrival of the bear bottom. According to the trend direction, it is expected to fluctuate upward by 300-500 points, and then go down by more than 500 points.

First focus on the rebound, then look at the downward trend.

Regarding trading strategies, it is recommended to focus on short trends and choose to short at high points.

If you must go long, be sure to find a good point, lower your expectations, and control the space within 100-200 points.

Investment is risky, so be cautious when entering the circle