Phyrex Ni: BTC is facing a week where policy and geopolitics are equally important, and we need to remain flexible in our responses.

Gate News bot message, crypto world opinion leader Phyrex Ni stated that the market remained generally calm this weekend, with BTC fluctuating between $104,800 and $105,500, and the trend is in line with expectations. He personally chose to stand by and did not rashly open positions against the backdrop of geopolitical conflicts. Although the situation was stable on the birthday of U.S. President Trump, there is still uncertainty in U.S.-China trade. The relaxation of rare earths is a positive signal, but the Chinese side has not yet expressed its position, and it remains to be seen whether it can be implemented in the future.

He pointed out that this week's market focus is on three aspects: first, Japan is highly likely to keep interest rates unchanged; second, the U.S. will release retail sales data for May, which is expected to be negative, reflecting a slowdown in consumption and economic pressure; third, the Federal Reserve's interest rate meeting is approaching, and although there is little suspense about keeping rates unchanged, the dot plot and Powell's speech will directly affect expectations for the rate cut path.

"Overall, next week will still be a week where policy and geopolitics are equally important, and we need to remain flexible in our responses," he wrote on the X platform.

Source: X