Bitcoin is just a little bit of a correction! Don't panic the whole market!
Good news: This is a good opportunity for everyone to get on board now! The cottage industry has almost fallen to the bottom, most of them have already fallen back to 50% or 0.618. Even if Bitcoin fluctuates too much, it will only fall a little at most! So if you don't get on board now, when will you wait?
Bad news: CPI is a little more important tonight. If Powell turns hawkish and does not cut interest rates this year or reduces the expectation of interest rate cuts, it will fall back to the rising trend line, which is 66,300, again. However, this is bearish in the short term! In the long run, it is bullish, because BTC is Safe-haven assets! More market money will flow into safe-haven assets! If there is enough market money, we will buy the bottom of physical high-quality assets!
Market analysis: The big cake fell back to 0.618. Although the daily top model has been formed, the general trend is still bullish!
Tonight, CPI may be inserted at 66,300. As long as it does not fall below the rising trend line, it is still bullish! It is also possible that the positive news will directly return to more than 7w, so there is no problem holding the spot or entering the market! We may not be able to buy at the bottom, but you can't miss the bottom before the rise!
