#市场触底了吗？抄底还是等待？ The PCE inflation and key events affecting market sentiment this week:

1. The upcoming economic data, including PCE inflation, will affect the trend of the encryption market this week.
2. The speech of the Federal Reserve officials is crucial for future policies and interest rate hike plans.
The court hearing on June 25th may clarify the final schedule for its repayment plan for FTX.
Important events to watch out for next week:
1. Comments from Federal Reserve officials
Several Federal Reserve officials are expected to give speeches this week. On Monday, June 24th, Chicago Fed President Charles Evans will deliver a televised speech, followed by a speech from San Francisco Fed President Mary Daly.
On Tuesday, Federal Reserve Governor Lisa Cook will give a speech to discuss the current economic situation and the policy interest rate plan that the Federal Reserve may adopt in the future. In addition, Federal Reserve Governor Michelle Bauman will give a speech on Friday. Cryptocurrency market traders will closely monitor these speeches to understand the Fed's upcoming stance on interest rate hikes.
2. US economic data will affect the performance of the encryption market
The encryption market and the broader financial market are eagerly awaiting key economic data this week. For example, consumer confidence data for May will be released on Tuesday, June 25th, while consumer confidence (final) data for June will be released on Friday.
In addition, the second revised data for US Q1 GDP will be released on June 27th (Thursday). It is worth noting that personal income, personal spending, and US PCE inflation data will also be released on Friday.
3. The encryption market is waiting for the FTX hearing
The FTX court hearing scheduled for June 25th will be a key event in the encryption market. Daniel Yan, co-founder of Matrixport, emphasized its importance and pointed out that this hearing in Chapter 11 bankruptcy proceedings of FTX may lay the foundation for subsequent confirmation hearings and clarify the timetable for finalizing the repayment plan.
At the same time, market participants will closely watch the hearing to understand the future of FTX and its potential impact on the broader encryption landscape. The results of the hearing may significantly affect market sentiment and strategies.
Conclusion
These events are expected to affect the sentiment of the cryptocurrency market next week. It is worth noting that the market trading was sluggish this week, reflecting that investors' risk appetite is weakening.
While BTC and altcoins both saw declines last week, the outflow of the US spot BTC ETF exceeded 5 billion USD. However, on the positive side, 8 companies including BlackRock, Fidelity, 21Shares, Grayscale, etc. submitted S-1 amendments for the US spot ETH ETF last week.
Considering this, the market will closely watch the performance of spot BTC ETF, which will affect the price of BTC. In addition, ETH will also attract market attention as it may trigger a long-awaited altcoin rebound.
#市场触底了吗？抄底还是等待？ #币圈观察员