Brothers, Saturday will come soon. There will be no big movement on Saturday and Sunday, because no Fed officials will speak, and no economic data will be released.

Market Analysis

What we have to guard against is Israel's attack on Hamas,

because there is no rest day in war. If a missile accidentally hits Egypt, or Iran launches an attack behind Israel.

Then a war is inevitable, and BTC will plummet. However, this possibility is only 10%. If there is no black swan, BTC will remain strong and is expected to return to $70,000.

It seems that the interest rate cut party is about to restart. Can we continue to play music and dance?

In addition to CPI, more and more data show that the effect of the Fed's interest rate hike is showing, such as the stagnation of retail sales in April and the downward revision of the growth rate for two months, indicating that Americans can no longer consume. In the first quarter, US household debt reached a record level, indicating that many Americans are difficult to repay their debts.

But the probability of a rate cut in September is not too high, because Powell said on Tuesday that at least one quarter of data will be needed to determine whether there will be a rate cut.

Therefore, every time economic data is released, new variables will be brought. I hope that the expectation of a rate cut will not be reversed, causing a sharp drop in BTC.

On-chain data is still bullish

(1) The inflow of stablecoins into exchanges continues to increase, and there was still a significant inflow after 8:00 last night

(2) There are not many BTCs flowing into exchanges, only more than 2,000, and the general trend in the past few days is outflow.

The Chicago Mercantile Exchange (CME) plans to launch spot Bitcoin trading,

which marks the further advancement of major Wall Street institutions in cryptocurrencies, which is good for BTC.

In short, the current positives outweigh the negatives. Before Mentougou releases news in September this year, it is estimated that there will be another wave of increases.

The brothers in the car suggest that they hold on patiently to avoid missing out.

This week, the review of the skyrocketing passwords recommended $PEOPLE and $Trump, with an increase of at least 20%. Congratulations to the brothers in the car, give yourself a chicken leg.

If you also want to delve deeper into the cryptocurrency circle and want to maximize your investment returns, but you can't recognize the market, then no matter how good the opportunity is, it has nothing to do with you. Follow me on the homepage, I will share the spot password for free every day, the bull market layout strategy, and the 100-fold potential coin #MemeWatch2024 #美国4月CPI数据回落 #BTC走势分析 #Meme币你看好哪一个？ #山寨币热点