A big change is coming, BTC is on the verge of death, whether it is bull or bear will be determined tomorrow night!

BTC is in a sideways state,

but altcoins including BNB have fallen sharply.

The price of BNB fell below 630, which is relatively rare,

because BNB has been relatively strong before, and the magnitude of this correction is quite large.

So, do altcoins still have a chance? Is there a turnaround?

Market analysis

On-chain data shows that a large number of stablecoins have flowed out of exchanges in the past two days.

After the opening of the ETF yesterday, the inflow of funds was not good, and the inflow data of several exchanges was even zero.

Several exchanges have not yet released data, and the overall outflow is currently about 32 million.

This week, we will focus on three major events. 1. CPI data will be released at 8:30 p.m. tomorrow. If it is lower than expected, it will be positive. Otherwise, it will be positive. 2. At 2:00 a.m. tomorrow, the Federal Reserve will release the interest rate decision and economic forecast summary (FOMC meeting). 3. Around 2:30 a.m. tomorrow, Federal Reserve Chairman Powell will give a speech. CPI data is an important indicator for measuring inflationary pressure. If CPI data shows that inflation is slowing, the Federal Reserve may be more inclined to maintain or lower interest rates, which will have a positive impact on risky assets such as BTC. On the contrary, if CPI data remains high, the market may expect the Federal Reserve to continue to maintain a tight monetary policy, which may have a negative impact on BTC prices.

Strategy recommendation

Before the data is released tomorrow night, it is recommended to reduce the position to at least 40%.

Don't worry about reducing the position, because you can buy it back at any time.

If the price falls by 1%, you can buy more with the same funds.

This applies to spot and contract markets.

If the CPI data is positive, the gap will not be too large if you buy again.

In the current market, lower expectations and focus on stability.

If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or contract, a little bit of action may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle! Junyang + Wei: H98KK5

You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!