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This week, follow 3 important events:
(1) Will Israel's attack on Hamas trigger a large-scale conflict?
The current negotiations have collapsed, but there is still strong public support within Israel to continue the war.
If there are no issues with small-scale conflicts, but if involved in conflicts with Egypt and Iran, it will lead to a big dump in BTC.
There is a 30% probability of a large-scale conflict.
(2) US April PCE data will be released Friday night.
Friday night 8:30 pm will be announced
Unfavourable Information above expectations.
If it's lower than expected, then it's amazing, BTC is expected to challenge the previous high.
(3) The U.S. Treasury Department's first buyback of U.S. bonds in over 20 years.
From this Wednesday, the US Treasury Department will initiate a series of bond 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 boosting government bond prices and lowering yields, which is favorable for the crypto world and risk assets.