First-quarter inflation data has risen across the board. Even with the dovish background of the FOMC March meeting minutes, it will make stocks and risk assets cautious. The cryptocurrency market will experience some turbulence, but under the overarching trend of the halving, this sentiment will lag until about two weeks after the halving, around early May to mid-May. At the same time, under the dual pressure of the June confirmation of no interest rate cuts, there may be some retracement. However, the time and extent will depend on April's CPI and PCE. The expectation of interest rate cuts after the halving will guide the market. If the ETH ETF passes, FOMO will emerge and the possibility of a pullback is effectively mitigated. Continuing to emphasize that the Bitcoin price is expected to rise to $100,000 this year. When you can't decide how to trade, patient holding is the best choice.
Reminder: PCE data will be released tonight, increasing the likelihood of price volatility in large fluctuations.
