Took a nice break over the weekend!
On June 6th, the dip down to the 1500/1550 range signaled a good buy for ETH.
If you scooped at 1500, you’re sitting on a sweet 200 point profit; at 1550, you’ve got a cool 150 points.
But I reckon nobody jumped in!
Just caught up on some news; the South Korean stock market is facing another circuit breaker, oil’s bouncing back, gold's taking a hit, and the US and Iran are still at it. It seems like the situation hasn’t really changed much.
Next up, we’ve got the US CPI data dropping on Wednesday and the European Central Bank's rate decision on Thursday. Then it’s onto Japan's rate decision on the 16th and the Fed’s rate decision on the 18th.
Moving forward, the market is likely to revolve around two main things:
1. The Middle East situation remains the key storyline,
2. Central bank rate decisions.
Doesn’t look like there’s much good news on the horizon; the CPI expectation is set at 4.2%, up from last period's 3.8%!
If the actual figure hits that 4.2%, it’ll be the highest since March 2025, perfectly validating the inflation claims tied to the Middle East turmoil.
In summary, we’re still waiting for a major pivot point, and there’s no clear trend shift visible right now.
Any rises should be seen as short-term bounces, not a trend reversal! A trend reversal needs confirmation from right-side signals.
This is just my perspective, not investment advice. #CPI数据 #MichaelSaylor暗示增持BTC
On June 6th, the dip down to the 1500/1550 range signaled a good buy for ETH.
If you scooped at 1500, you’re sitting on a sweet 200 point profit; at 1550, you’ve got a cool 150 points.
But I reckon nobody jumped in!
Just caught up on some news; the South Korean stock market is facing another circuit breaker, oil’s bouncing back, gold's taking a hit, and the US and Iran are still at it. It seems like the situation hasn’t really changed much.
Next up, we’ve got the US CPI data dropping on Wednesday and the European Central Bank's rate decision on Thursday. Then it’s onto Japan's rate decision on the 16th and the Fed’s rate decision on the 18th.
Moving forward, the market is likely to revolve around two main things:
1. The Middle East situation remains the key storyline,
2. Central bank rate decisions.
Doesn’t look like there’s much good news on the horizon; the CPI expectation is set at 4.2%, up from last period's 3.8%!
If the actual figure hits that 4.2%, it’ll be the highest since March 2025, perfectly validating the inflation claims tied to the Middle East turmoil.
In summary, we’re still waiting for a major pivot point, and there’s no clear trend shift visible right now.
Any rises should be seen as short-term bounces, not a trend reversal! A trend reversal needs confirmation from right-side signals.
This is just my perspective, not investment advice. #CPI数据 #MichaelSaylor暗示增持BTC