CPI will be announced tonight, and we will pay special attention to three major events today
Data on the chain shows that in the past two days, the flow of BTC has been stable out of the exchange, and BTC has flowed into the exchange.
Today we mainly focus on 3 major events
1. At 20:30, CPI data will be released. In view of the fact that this non-agricultural data significantly exceeds expectations, this CPI will most likely be beneficial.
2. At 2:00 a.m., the Federal Reserve announced its interest rate resolution and summary of economic expectations (FOMC meeting)
3. Tomorrow night around 2:30 a.m., Federal Reserve Chairman Powell will give a speech. If the data is tough, it will force the old man to be tough and may lead to a hawkish speech.
The June FOMC meeting will be one of the most critical meetings this year, because Powell will give the clearest hint yet on the interest rate cut timetable. If the CPI data is positive, there is a probability that it will fluctuate upward.
So we still look at the CPI to determine whether there is still a stack of BTC.