2020.4.9 Macro Analysis

Good morning, brothers. Bitcoin has seen a big rebound after the Qingming Festival. The macro analysis I published yesterday said that there are three major events.

(1) More than 7 Fed officials will speak this week.

(2) CPI data will be released at 8:30 p.m. tomorrow.

(3) The Fed will release the minutes of its March monetary policy meeting.

Especially the CPI tomorrow night is critical. If it is higher than expected, it will fall. If it is lower than expected, BTC may break a new high.

In terms of on-chain data, Binance received more than 5,000 BTC yesterday. Combined with the data released tomorrow night, there is a certain negative impact. Those who are not in a hurry can wait for BTC to pull back to around $70,000. Add positions and do it. Those who did not get on the train or reduced their positions before will have a chance.

Next, don't get off the train easily, for fear that BTC will rise directly without any moral integrity, unless you have a full position and take a profit of about 20% of your position.

If the data tomorrow night is negative, just buy at the bottom, because the general trend is still rising. Because as more people cut their losses during the correction period, the dog dealers absorbed funds at the bottom, and the capital that had been waiting and missing out took the opportunity to get on board, the average cost of BTC increased a lot, and the selling pressure on the rise was also much smaller. #BTC