#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
[Big smart one analyzes the morning ETH]
Yesterday, after breaking through 2020, it has been rising all the way, and I have reminded everyone to be cautious about shorting.
Currently, the rise is hindered, and the bulls are making a strong push, but the upward space is limited, with around 2130 being a significant resistance level.
Be cautious about going long in the short term, with support levels around 2060 and 2020.
Yesterday, the indicator accurately reminded us of the starting point for the rise. This morning, there was a short-selling tip that our members have already followed. Welcome to pay attention and we look forward to your joining 😉.