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🔥News aspects also need to be closely followed, which will have a significant impact on the trend‼️ Pay attention to the following three important events this week⚠️
(1) Will Israel's attack on Hamas trigger a large-scale conflict?
The current negotiations have collapsed, and there is still very strong domestic support in Israel to continue the war.
If there's a small-scale conflict, it's fine, but getting involved in conflicts in Egypt and Iran will lead to a big dump in BTC.
There is a 30% chance of a large-scale conflict.
(2) The US April PCE data will be released this Friday evening.
Friday night at 8:30 PM
Higher than expected Unfavourable Information
If below expectations, then it will go bullish.
BTC is expected to challenge the previous high.
(3) The US Treasury Department made its first move to repurchase US debt in over 20 years.
From this Wednesday, the US Treasury will start a series of treasury repurchases, indirectly benefiting the crypto world.
The Ministry of Finance repurchases a large amount of government bonds, reducing the supply of government bonds in the market, thereby pushing up government bond prices and reducing the yield, which is favorable for the crypto world's risk assets.
If you don't want to miss this bull market, don't be influenced by short-term inflation and decline, just wait for the arrival of the violent bull. If a big crash occurs due to war news, it is probably the most important opportunity to buy the dip before the bull market comes.
BTC will be speculated before its halving, before the US Federal Reserve cuts interest rates, and before the official trading of ETH ETF. It is believed that this cycle will also be boosted by BTC spot ETF. (In addition, Sol may have the opportunity to pass ETF, so pay attention to it in this bull market.) There is no doubt that the arrival of a bull is imminent.
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