【Black Golden (BG) 0410 Daily Report】
The significant pullback on Wednesday was predicted in advance, mainly based on the release of March CPI and other economic data, which led to risk aversion. On the other hand, the bears have not suffered significant losses, showing immense courage in shorting. It's advisable to stick to spot trading and bravely buy in.
Global BTC 10:00 (GMT+8) Data
(AI Little Black)
Futures Long-Short Ratio: 47%:53% (The bulls have suffered heavy losses again, with most retail traders being liquidated and retreating)
Spot Buying-Selling Ratio: 52%:48% (Buying slightly higher than futures, suggesting to follow the spot direction)
BTC: Wednesday's pullback was an opportunity. Now, the impact of the interest rate cut is not as powerful as the halving narrative. Although there are more shorts than longs in futures, spot buying exceeds selling. The dominance of the halving narrative will lead to significant fluctuations in futures this month, so participation should be reduced.
ETH: Breaking through 3460 puts ETH under pressure again, which is a typical market manipulation tactic. However, there's no resistance between 3460 and 3800. Don't short, hold spot positions patiently, and wait for BTC.
Once again, it's emphasized that all downturns are opportunities.
