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We experienced a wave of pullbacks this week.
From Monday to Saturday, it falls for five days and rises for one day.
Intense fluctuations of the long and short battle will happen next week!
Next week will bring three major events.
(1) The key inflation data CPI to be announced next Wednesday.
Lower than expected unfavorable information, lower than expected favorable information.
If it is below expectations next Wednesday and Israel has not launched a fierce offensive, then BTC may see a big rebound wave.
On the contrary, BTC will face a sharp pullback.
(2) There will be more than 6 Federal Reserve officials giving speeches next week.
The most notable is the speech by Powell on Tuesday.
(3) The Israeli-Palestinian peace talks next week may come to a conclusion.
This week did not come to an agreement, we will continue the discussion next week.
Currently, Hamas will hold consultations with various Palestinian factions to reconsider the strategy for ceasefire negotiations
BTC may fall below $60000
Decide whether to add more positions when the CPI data is released.