BitEagle đŠ 5.15 Accurate Market Analysis @Everyone
Good morning, brothers. We experienced two major events last night
(1) PPI release was higher than expected, which was bearish
(2) Powell repeated his old tune, saying that he would neither raise interest rates nor cut interest rates as soon as possible
The PPI release conference once saw a slight drop, and Binance reported a trading volume of more than 4,000 BTC in one minute.
But from today's perspective, BTC's overall decline is not large, but many altcoins have shrunk severely.
From the on-chain data, it is slightly bearish and the situation has not improved
(1) Stablecoins in the exchange have not increased, but there are signs of increase
(2) More BTC have flowed into the exchange, with an increase of more than 3,000 yesterday
The key is to see whether the CPI data tonight will deal a fatal blow to BTC,
or whether it will cause a deep V reversal in the market and BTC will break through $70,000.
The expected CPI value is 3.4%. It is positive if it is higher than expected or in line with expectations
If it exceeds expectations, it will fall. Both February and March exceeded expectations. The value of the previous period was 3.5%.
Recommended strategy:
(1) Do not short positions. Now many coins are priced appropriately. A 40% position is recommended.
AR and CHR are both relatively stable. Although BNB has fallen sharply, it is not a big problem.
(2) Wait until the CPI data is released before deciding whether to increase or liquidate positions. $BTC $ETH #BTCè”°ćżćæ #CPIæ°æź #5æćžćșć łéźäș件
