"3 Major Events in the Cryptocurrency Circle, Don't Miss One Hundred Million"

Good morning, family members, the Qingming Festival holiday is over, and the market seems to have ushered in a recovery.

Last week, the Fed officials unexpectedly released hawkishness, and the US economic data suppressed the expectation of interest rate cuts. We have experienced the third wave of major corrections since the bull market.

As more people cut their losses during the correction, the dog dealers absorbed funds at the bottom, and the capital that had been waiting and missing out took the opportunity to get on board. The average cost of BTC has increased a lot, and the selling pressure on the rise has also been much smaller.

But don't take it lightly, don't chase the rise, and the family members who haven't got on board should consider buying on the pullback. Because this week is not peaceful, there are three major events this week that will affect the trend of the cryptocurrency circle.

🔺The first major event:

[More than 7 Fed officials spoke this week]

Federal Reserve officials brought more clues about interest rate cuts, and the attitude released in the speech will affect the market

🔺The second major event:

[CPI data will be released at 8 pm on Wednesday]

This week's US CPI report is crucial to the Fed's interest rate expectations and the trend of the US dollar.

It is expected that CPI and core CPI will rise by 0.3% month-on-month.

If the monthly core CPI rises faster than expected, it may immediately push the dollar stronger, and trigger a sharp drop in BTC.

But if the data of 0.2% or lower may re-stimulate expectations of a rate cut in June, BTC will remain strong and even break new highs.

🔺The third major event:

[The Federal Reserve releases the minutes of the March monetary policy meeting]

The time is 2 o'clock in the morning on Thursday

The minutes of the Federal Reserve's policy meeting will bring more information about the rate cut. The market currently assesses that the probability of a rate cut in June has dropped to about 52%, while the probability in July has dropped to less than 100%.

If there is a conclusion that inflation is currently lower, it will be good for BTC.

However, the policy minutes still depend on the specific CPI data.

Currently, it is recommended to have a 7-layer position, leaving more bullets for defense and not missing out.

Value coins: chr, ftm, AR, Matic

If there is a big drop on Wednesday night, consider bottom-fishing again.