Bitcoin market analysis丨2022-6-6

[Yesterday's resumption] This week is a very special week. The Fed enters a period of silence one week before the meeting, and no officials will come out to speak. The speeches of the Fed officials last week were the last views before the meeting on June 16. , briefly recalling what they all said last week, Fed Vice Chairman Brainard said it was difficult to find a reason to suspend interest rate hikes in September. Cleveland Fed President Mester said the pace of rate hikes in September could be accelerated or slowed. Fed Governor Waller said he supports keeping rates at 50 basis points at a time in the next few meetings until inflation falls back toward its 2 percent target.

At present, it is relatively clear that the interest rate will be raised by 50 basis points in June and July, so everyone is actually arguing about September, whether to raise interest rates by 25 basis points or 50 basis points in September or suspend interest rate hikes, although there are still 3 months before September, But the market needs such hype expectations.

One of the most noteworthy data this week is the CPI data for May, which will be released at 20:30 pm this Friday (May 10). Economists expect a slowdown from 8.3% to 8.2%, but due to gasoline As prices rise, the overall CPI will continue to rise, with the monthly growth rate expected to rise to 0.7% from 0.3%, and the core inflation measure excluding food and energy may drop to 0.5% from 0.6% in April. Such market expectations are actually more difficult to interpret. On the one hand, it has indeed declined, but on the other hand, it has indeed increased. At that time, we will continue to pay attention to the trend of US stocks.

Yesterday, I looked at the Bitcoin trading volume and found that it has shrunk directly to a scale of about 500 million US dollars. This continuous shrinkage once again shows that the market does not have the urge to trade further, because the market lacks hot spots, so everyone’s trading mood is not good. High, most people are watching, the market is like this, there are fewer people participating in the market, but the price has not fallen sharply again, this may be another signal, the market may be slowly bottoming out, but it is too early to draw conclusions. . Now this stage should be consistent with our analysis last week, that is, the rebound is not over, so this is a long weak rebound process, because the current macroeconomic environment is not very optimistic, which leads to the broader market you are currently seeing trend.

Let's take a look at the events that can be followed this week. The data indexing tool SubQuery has launched a public token sale. The public sale qualification will be given to the first 500 users who correctly fill in the application form and a random 500 users who fill in the application form correctly before the deadline. Users, the deadline for application is 7:59 on June 7, 2022, Beijing time.

Terra chain game platform C2X terminated the C2X - UST LP token pledge program on June 7th. The CTX and UST tokens deposited in the liquidity pool will all be returned in the form of CTX, and the CTX reward will be within four weeks from the date of termination It is distributed evenly every day, and users need to claim it manually on the LP pledge plan webpage.

Ethereum core developer Tim Beiko once again stated that the Ropsten testnet is expected to be merged around June 8, and two new beacon chains will be launched before that.

Gitcoin donation round 14 is scheduled to start on June 8th.

Aztec Connect, a privacy and scaling solution based on ZK Rollup, was launched on the mainnet on June 9th. After the launch, users can use Lido Finance to pledge Ethereum and use Element to obtain income through Aztec.

The ApeCoin community's proposal to "Keep ApeCoin in the Ethereum Ecosystem" is now open for governance voting, which ends at 9:00 on June 9th. The ApeCoin DAO believes that, at least for now, ApeCoin should remain in the Ethereum ecosystem, rather than migrating to other networks such as Layer 1 chains or sidechains that are not protected by Ethereum.

The NFT sci-fi card game Parallel will launch the PDIV card pack on June 11, Beijing time. The PDIV will contain 10,150 total packs, of which 5,740 will be reserved for collectors on the PDIV list.

Finally, I have something to tell you. Some fans always ask me if I can recommend some high-quality KOLs to follow. I thought about it and finally announced it on Twitter in the form of a list. Recently, I have been sorting out nutritious KOLs, so if you If you think which KOLs are nutritious, you can privately recommend them to me. I will add them to the list and publish the list uniformly at that time, so that we don’t miss the tweets of these big guys.

【Bitcoin Market Analysis】 Bitcoin finally made a comeback and ended the 9 consecutive negative weekly trend. Although the weekly trend of last week was ugly, it did not affect the subsequent market outlook, but the trend from the disk Looking at it, the weekly and daily levels are now in the rebound mode, which coincides with the rebound in June that we told you back in May. However, many students are worried about raising interest rates and shrinking the balance sheet, which is not necessary. , raising interest rates and shrinking the balance sheet are at the macro level, which affects the overall environment and sentiment, but as far as the currency market is concerned, it also has its own micro level. You can't stand the rebound of traders.

At the 4-hour level, after 2 days of sideways trading, it started to pull back to 30,000+ at 8:00 today, which clearly shows that the rebound will continue, and 32,000 is definitely not the high point of this round of rebound. The real resistance above is around 36,000.

[Risk reminder] Digital assets fluctuate greatly and the risks are extremely high. Please participate with caution, put an end to the full warehouse stud, and refuse loan leverage;

❤Coin exchange: https://linktr.ee/btc18806