BitEagle 🦅4.24 Accurate Market Analysis

Good morning, brothers. BTC has been trading sideways after rebounding last week.

Other altcoins are a bit sluggish.

The reason is that there is insufficient capital in the market, and

everyone has low expectations for the future.

After the launch of the spot ETF and the halving, there seems to be no major narrative.

Therefore, we need to wait for the narrative of the Fed's interest rate cut to reappear before the currency circle can regain its vitality.

Pay attention to the data released at 8:30 pm tomorrow night

(1) Number of unemployment benefits

(2) US first quarter GDP

(3) PCE in the first quarter

The data released at 8:30 pm the day after tomorrow

(1) Core PCE in March

(2) University of Michigan Consumer Confidence Index

Before the data is released, panic will cause BTC and altcoins to pull back

But after the data is released, there is a 30% probability that the current expectation of the Fed not cutting interest rates can be reversed

So that the cryptocurrency circle will become agitated again

If the data is negative, there will be a small drop, but expectations will also rise quickly

Because the on-chain data shows that BTC continues to flow out of the exchange recently

Currently, the recommended position is 60%,

and the various currencies that were previously bought at the bottom should be held patiently.

Don't add to the floating profit funds, and remain cautiously optimistic.

Brothers who missed the opportunity can buy some BTC, ETH, Chr, Matic, FTM, WLD. $BTC $ETH $BNB #大盘走势