BitEagle 🦅4.26 Accurate Market Analysis @Everyone

Good morning, brothers, Bitcoin rebounded, but it seems to be weak again.

Three important data were released last night:

- Unemployment: lower than expected, negative

- Initial GDP annualized quarterly rate: much lower than expected, positive

- PCE in the first quarter: expected to be 3.4%, announced to be 3.7%, negative

Overall, it is negative, but the market has already fallen before the data is released

Therefore, it can be regarded as a rebound after the release of negative

Two more important data were released today

(1) Core PCE in March

(2) University of Michigan Consumer Confidence Index

Before the data is released, it should still fluctuate + fall

Three possibilities

(1) Not much higher than expected, and the rebound trend will continue (60% probability)

(2) Lower than expected, there will be a surge (20% probability)

(3) Much higher than expected, BTC will fall by about 5% (20% probability) $BTC $ETH $BNB