BitEagle🦅Accurate market analysis 3.29 @Everyone

Good morning, brothers, BTC seems to be breaking through the previous high again after falling and falling, and there is an opportunity amid danger.

Because today is a day of tribulation.

If you pass the tribulation, you will have a big smile [smiley face]

If it fails, MMP will be in danger [laughing through tears], and it may be retraced to $68,000.

As we said yesterday, 3 major events were squeezed into the same day.

The First Tribulation: Huge BTC Options Delivery

Quarterly options delivery valued at $9.45 billion

The biggest pain point is $50,000, because the price is too different from the current price, so the impact is not big.

However, the delivery of options will cause panic among many novices who do not know what is going on, leading to market crashes.

There is no substantial negative, but there is emotional negative

The second calamity: PCE data release

PCE data will be released at 8:30 tonight, with an expected 2.8%. If it is too much higher than expected, it will be negative.

It is true that inflation is high and it is not suitable to cut interest rates too quickly.

On the other hand, if it is not much higher than expected, it will not be a big problem.

The third calamity: Powell’s speech

Federal Reserve Chairman Powell will deliver a speech at 11:30 tomorrow night

If we continue to insist that interest rates will be cut three times this year, then the currency circle will rise

If attitudes change, U.S. stocks and the currency circle will plummet.

In addition to overcoming the tribulation, there are currently two good news coming from the data on the chain[666]

(1) There was a large outflow of BTC from the exchange yesterday, with Coinbase outflowing more than 10,000 BTC.

(2) There was a net inflow of spot ETF funds, and the outflow of Grayscale GBTC decreased by 50%.

Current response plan: reduce leverage, position level 7.

If you succeed in overcoming the tribulation, you won’t be left empty-handed.

If there is a big drop, you can buy the bottom: AR, CHR, STX. #新币挖矿 #WIF #大盘走势