Market Analysis 4.27
Good morning, brothers. Last night, PCE was higher than expected,
which dealt another heavy blow to the fragile cryptocurrency market.
After the data is released, let everyone reduce their positions to 30%.
The US stock market rebounded sharply, but BTC did not follow.
Big brother BlackRock has not received any stock for several days,
and ETF funds continue to flow out.
The liquidity of the cryptocurrency market is insufficient. According to our on-chain data observation,
it only takes 1,000 BTC to make a big hole.
Is there any hope next?
There is still hope. Let's see if the heavy data in May can turn the tide:
- Non-agricultural data will be released on May 3
- CPI data will be released on May 15
As long as the May data shows that inflation has fallen,
then the cryptocurrency market will usher in vitality.
The fish body has been eaten, and there are still too many thorns in the fish tail,
which can easily hurt us.
It is a long-term thing to replace the old fish with new fish.
There is a big thunder before October:
The compensation of Mentougou is about to expire,
the total amount is 80,000.
In the near future, we still expect the market to fluctuate and pull back to prevent BTC from falling to 60,000.
Keep 60% of the spot stocks of CHR, FTM, AR, WLD and other currencies, and the risk is not high.
In case of a rebound, you will not miss out.
