2024.3.19 Macro Analysis

There was another bloody storm last night, and the chatter was endless. Who is selling value coins?

There are two types of people selling value coins: panicked people + people who made early profits.

We seem to be back to the scene on January 24th at the beginning of this year. The current z-support of BTC is EMA30 at $63,000. If there is another wave of decline, the next support will be 58,000.

The fund flow of ETFs was blocked in the short term. There was not much inflow yesterday, while Grayscale GBTC continued to flow out.

Japan's interest rate hike is modest, and the interest rates are still low, with little impact. The Federal Reserve holds a monetary policy meeting to decide when and how much to cut interest rates. The main focus is on the attitude released by Powell's speech.

I can endure loneliness and see prosperity.

At present, we are waiting for the panic market to be released, all those who made early profits, and the price to return to the vicinity of the moving average, allowing the market to recover. Investment inevitably involves risks and pains, buy valuable spot goods, stick to it for the long term and other benefits. #BTC