Market Analysis 3.31
Good Sunday brothers,
The current situation is complicated and confusing. Let us conduct a practical analysis.
Let's see how things unfold next week.
This week, the Fed’s favored inflation gauge, PCE, was in line with expectations.
Fed Chairman Powell said there was no rush to cut interest rates, and BTC fell in response.
But the impact is not too great, and market expectations for interest rate cuts will remain stable.
But with the U.S. non-farm payrolls report and global PMI and other economic data coming in the coming week,
And Federal Reserve officials are out in force,
The currency circle and Wall Street will usher in new turbulence.
Eight Fed officials will speak next week.
Powell will speak at the Stanford Graduate School of Business on Thursday at 0:15 a.m. Beijing time.
In addition, at 8:30 pm next Friday, non-agricultural data will be released.
The non-farm payrolls data is more important than the PCE data released this week,
If the March non-farm payrolls data is stronger than expected, the currency circle will fall further.
Because the problem with inflation in the United States now is that the economy is too prosperous.
In particular, the labor market is strong and the number of unemployed people is low.
It looks like there are many crises, but BTC will not plummet.
Because on-chain data shows that BTC has been flowing out of exchanges,
Inflows have slowed these days.
Additionally, Bitcoin accounts holding between 100 and 1,000 BTC have been buying and selling over the past month,
The biggest buying spree since 2012,
Over 268,000 BTC were purchased.
Waiting for the inflow of ETF funds next week, BTC may rebound.
However, copycats are more affected. Last week, everyone was asked to reduce leverage and lighten their positions.
Don't rush to shoot the remaining bullets, just observe them for a while.
If there is a big drop, you can buy CHR, STX, and AR at the bottom.
