The market will not happen overnight, all news and data are to serve the market. Respecting the cycle and understanding the dog market are the basis for us to survive in this market for a long time.
Yesterday, Bitcoin broke through the downward trend line since early April with a surge of 5,000 points. Bitcoin's macro cycle has returned to the upward trend with 64,000 points as the trend support and 60,000 points as the cycle support. The short-term copycat market has stopped falling one after another, and it is expected to follow up with a new round of rebound after adjustment.
The CPI data is in line with expectations, which basically shows that inflation has been substantially contained in the short term. It can be foreseen that after the repeated data in March and April, the data next month will further boost expectations of future interest rate cuts. Also affected by the data, the interest rate swap market has accelerated its expectations for interest rate cuts, and objectively there is an expectation of the first interest rate cut as early as September.
In addition to the macro benefits brought by the CPI data, yesterday's ETF data from the United States was also very impressive, with an inflow of 4,600 coins, about 300 million US dollars, which indirectly promoted the rebound sentiment of Bitcoin. Capital is the most unscrupulous, and it will go wherever there is an opportunity. Believe in the power of belief.
Of course, after Bitcoin broke through the shackles and took off, the performance of altcoins led by Ethereum was still very average. We are anxious but helpless. The biggest problem of Ethereum at present is that the short-term market speculation is too cold. The ETF will be approved next week, but the whole market is not rippled. Is it that everyone has tacitly accepted the decision of not passing it or the emotional market deliberately suppressed the discussion in this regard, and suddenly passed it so that everyone can't get on the train? We will see the answer next week.
The crypto market is undoubtedly still full of vitality. As long as there is a little more overflow of funds and favorable factors from the traditional market, the current short-term downturn can be changed. The crypto market is also very bottom-line-less. In the falling VC coins and MEME coins, the game between retail investors and institutions has almost become two parallel lines.
In the public's perception, meme is something that can go down or up, and the vc coin project is trying to make you believe that it will only go up in the future. So after a number of huge unlocking projects this year, the market value has become the most lethal trick hanging over the heads of the project owners. If others don't accept the goods, they have to drag it out. The more unlocking, the more it falls, which means that there will be fewer people to take over in the later stage. In this case, the spring of meme may continue.
This stage is still a time to test our patience. Even if the market will proceed according to our predetermined cycle, the K-line pattern will still be winding. Countless temptations to buy and sell will disrupt our vision, affect our judgment, and undermine our confidence, ultimately causing a large number of people to cut their losses before a new round of market begins, thus starting a new cycle of capital rotation.
BTC: Bitcoin's trend support has been confirmed. It is not realistic to maintain yesterday's rhythm for a while. For the market, Bitcoin only needs to maintain the upward channel. The future strength can only be confirmed by the continuous confirmation of the bottom of the upward channel. So for Bitcoin in the short term, keep confidence and hold it patiently. The bottom support is 64,000 points, and the upper pressure is 67,300 points.
ETH: Ethereum is still weak, and the weak market is linked to Bitcoin.
SOL: The technical form has completed the determination of two rounds of bottoms. After the cyclical trend comes up this round, it will directly reach a new high. The activity on the chain has been surpassing Ethereum, and the on-chain projects are also very hot at present. Look for opportunities to pay attention to them aggressively.
JTO: As the largest liquidity protocol on the SOL chain, the current bullish logic of the fundamentals is also certain, and it is one of the sectors that deserves strong attention in the short and medium term.
AVEO: Everyone has seen the plan of this project. I think no matter what the project party says, don’t believe it. Direct full circulation clearly shows that they are planning to mess things up.
Copycat: The recent positive sentiment and news are concentrated in the AI and RWA sectors. AI has said it many times, and the next goal of the sector's rebound is to sell.
Finally, stay away from leverage and stock up on spot goods! #NOT开盘预测 #美国4月CPI数据回落 #BTC走势分析 #机构积极投资比特币ETF $BTC
