2024.4.21 Macro Analysis

Good morning, brothers. BTC is currently rebounding strongly. This week is a bloody week. BTC has fallen below#60000twice. Many altcoins have been cut in half. US stocks have also fallen for 5 consecutive days, the first time since October 2022.

The fundamental reason is that the hawkish tendency of Fed officials has further strengthened, and the market's expectations for interest rate cuts have cooled sharply. At the same time, the Middle East seems to be caught in a new round of retaliation and counter-retaliation. On Friday, Iran confirmed that it was attacked by Israeli air strikes, but both sides seemed to be willing to exercise restraint. Iran continued to downplay the impact of the attack, while Israel did not

Source author: Feilong Finance

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