BTC, ADA, SOL, MATIC, KLAY


US Core Personal Consumption Expenditure (PCE) Price Index increase It was 0.5% in May, which was lower than market expectations of 0.6%. However, compared with the same period last year, the PCE index soared to 3.4%, the largest increase since 1991.

Although the Fed expects inflation to be temporary, the estimates of Bank of America analysts are different.bank expected US inflation will remain at a high level of 2% to 4% in the next two to four years, and it is believed that the Fed will raise interest rates in the next six months unless the financial market collapses.

Daily view of encrypted market data. source: Coin 360

If inflation remains high, investors may pay attention to Bitcoin again (Bitcoin) To hedge their portfolio. CoinShares released a report on June 21 stating that it is not sure about the inflation situation in the next five years, but believes that “increasing Bitcoin and other physical assets is a prudent measure to protect the portfolio from the tail risk of uncontrolled inflation .”

Although short-term risks still exist, selected cryptocurrencies can provide traders with short-term trading opportunities. During a bear market, traders may focus on making regular profits instead of waiting for an unexpected rebound. Let’s study the charts of the top 5 cryptocurrencies that may turn bullish in the next few days.