BitEagle🦅Precise Market Analysis 4.8

Good morning, brothers. The Qingming Festival is over and the market seems to have recovered.

Last week, the Fed officials unexpectedly released hawkish policies and the US economic data suppressed the expectations of interest rate cuts.

We have experienced the third major correction since the bull market.

As more people cut their losses during the correction, the dog dealers absorbed funds at the bottom.

The capital that had been waiting and missing out before took the opportunity to get on board.

The average cost of BTC has increased a lot, and the selling pressure on the rise has also been reduced a lot.

But don't take it lightly. Don't chase the rise. Brothers who haven't got on board should consider buying on the pullback.

Because this week is not peaceful, three major events this week will affect the trend of the currency circle.

The first major event:

[More than 7 Fed officials spoke this week]

Federal Reserve officials brought more clues about interest rate cuts.

The attitude released in the speech will affect the market.

The second major event:

[CPI data will be released at 8 pm on Wednesday]

This week's US CPI report is crucial to the Fed's interest rate expectations and the trend of the US dollar.

It is expected that CPI and core CPI will rise by 0.3% month-on-month.

If the monthly core CPI rises faster than expected, it may immediately push the dollar stronger and trigger a sharp drop in BTC. But if the data of 0.2% or lower may re-stimulate expectations of a rate cut in June, BTC will remain strong and even break new highs. The third major event: [The Fed releases the minutes of the March monetary policy meeting] The time is 2 o'clock in the morning on Thursday. The minutes of the Fed's policy meeting will bring more information on the rate cut. The market currently assesses that the probability of a rate cut in June has dropped to about 52%, and the probability in July has dropped to less than 100%. If there is a conclusion that inflation is currently lower, it will be good for BTC. However, the policy minutes still depend on the specific CPI data. Currently, it is recommended to position 7 layers, leaving more bullets for defense and not missing out. Value coins: chr, ftm, AR, Matic. @Everyone If there is a big drop on Wednesday night, consider bottom fishing. $BTC $ETH #大盘走势 #非农数据 #Meme