#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
#BTC# #ETH# BTC-Direction: Mainly low long in a volatile market, high short as a supplement, real-time lead in copy trading price live channel as the standard.
Space: Support near 103900-104400 for long positions, resistance near 106500-107200 for short positions.
Reason: The daily line changes from the resistance line to around 108400, the four-hour line pulls back to the trend line support near 105200, and the four-hour oscillates upward from yesterday's oversold rebound V-shaped reversal. Today, whether there will be a second rebound is the key focus on 105200, so today it will first rebound and then decline.
Key point: Be sure to set a stop loss based on the recent low or high points, no orders without reason, no orders without signals.
ETH - Direction: Primarily short positions, with long positions as a supplement, real-time lead in copy trading prices based on the live channel.
Space: Support for long positions near 2450-2420, resistance for short positions near 2580-2616.
Reason: Daily line pressure below 2580, the market is under heavy selling pressure after a sharp drop. After a high short position on the four-hour chart, we can look for long positions at lower levels. The MACD on the four-hour cycle is oscillating and rebounding below the O-axis, facing heavy resistance in the rebound zone. Today, we will first short and then go long.
Key point: Be sure to set a stop loss based on the shape "recent low or high point". Do not place an order without reason, do not place an order without a signal.
Wish everyone happy trading 6.8