#btc market analysis 4.4
It rains heavily during Qingming Festival
Pedestrians on the road want to die
When will the market reverse?
Also watch the big data tomorrow night
Good morning, brothers, there is currently a fierce battle between bulls and bears, the situation is tense, and BTC is defending the $66,000 mark.
Analyze from on-chain data,
Stablecoins rebounded on the market,
The amount of BTC flowing into exchanges for selling or selling has decreased a lot.
The inventory of BTC on exchanges is still decreasing.
This is all good.
But investment is like this, it changes rapidly, and you never know what bad news will happen tomorrow.
Just like last night, the lack of BTC blocks for more than an hour caused panic, and many people smashed the market and fell below $66,000.
Why hasn't the main force taken any action to counterattack?
Because we are still waiting to see the non-agricultural and unemployment data released at 8:30 tomorrow night.
It can be said that these two data will determine whether there will be a sharp decline or a counterattack tomorrow.
Determine whether the Fed will cut interest rates in June,
It has affected the future and destiny of countless investors.
Non-agricultural data: previous value 27.5, expected 20, expected value is expected to decrease by about 30%, a bit hanging
Exceeding expectations by too much is bad, otherwise it is good
Unemployment data: previous value 3.90%, expected 3.90%
Lower than expected (less unemployment) is bad, and vice versa is good
Today I will be cautious and defensive.
Keep your bullets in case the non-agricultural data releases are negative and the price falls below $63,000.
If it's good, it won't be too late for us to go in.
