#内容挖矿＃CHZ

The dot plot is based on two rate cuts in 2024. If the number is greater than two, it is positive, less than two, it is negative, and equal to two is the market expectation. If the estimate of Powell's speech is correct, it still shows that inflation has not been fully controlled. It needs to be judged based on data. It is impossible to give a definite guarantee at present, among which the unemployment rate is crucial. As for whether his remarks are hawkish or dovish, it is difficult to determine.

In terms of data, we briefly browse. Although the current price of BTC has almost returned to $70,000, there has been no overreaction on the chain. Many investors have not participated in the transaction, but there is still a certain risk aversion, which is not difficult to understand. Anyway, after Powell's speech, there will be a short period of calm. Of course, there will be the University of Michigan's one-year inflation forecast on Friday, but compared with CPI and Powell's speech, its energy is relatively smaller.

We have also mentioned earlier that investors are not interested in the range from $56,000 to $72,000. If they are to participate in the transaction, the best way is to pull the market. If they rely on the market crash, these people will basically not move, and there are spot ETFs that are eyeing them, so the space that can be smashed will be extremely limited.

The support level is still between $64,000 and $69,000, and there is no change. The number of BTC in this range continues to increase, and it has now exceeded 2.48 million. As we have always said, if these holders do not leave the market on a large scale, the support of around $66,000 will not be easily broken. This does not mean that it will not fall below $66,000, but that even if it falls below it, it will be easier to rebound. After all, these investors did not participate in the sell-off, so the pressure must be limited.

Then the BTC on the exchange once again refreshed the lowest stock value in nearly six years, which also means that the vast majority of investors do not intend to participate in the transaction, and even have no intention of leaving the market in the short term, so the current pressure is relatively small, but the problem of liquidity shortage still exists, so the possibility of continued wide fluctuations cannot be ruled out.

#BTC #ETH