Today’s CPI, next week’s Fed meeting – these seven days will determine where BTC goes.
Not clickbait.
Today, the US is releasing CPI inflation data, and on June 17th, the FOMC rate decision – analysts say Bitcoin's next movement will be decided in this week.
Two numbers, two meetings.
The logic is simple: If CPI is lower than expected, hopes for rate cuts will be revived, leading to a BTC rebound. If CPI exceeds expectations, the chances of rate cuts will be dead, and BTC will continue to drop.
The current situation is – BTC fell to $61,289 yesterday, ETH at $1,627, XRP at $1.11, SOL at $64. Strategy just bought a fresh batch of BTC, but the price remains stagnant. The market no longer believes in any good news.
This morning in Asia, the KOSPI plummeted 4.52%, and the Nikkei dropped 1.89% – due to escalating US-Iran tensions and continued pressure on chip stocks, the Asian market is taking a hit.
But one thing nobody is talking about today – TSMC just announced May revenue with a 30.1% year-on-year increase, setting a record for the highest single-month revenue. Demand for AI computing power hasn’t weakened, chips are selling, it’s just that the money hasn’t flowed back into crypto yet.
Money is in AI, not in crypto. For now.
Before today’s CPI comes out, all judgments are just guesses. After it’s released, we can talk direction.
Keep an eye on the numbers tonight, not on the candlesticks.
#BTC #CPI #FOMC #美联储