Everyone

Good morning, brothers. The current market situation is very clear.

In essence, it is a cycle between a sharp drop and rebound and a sharp drop in economic data.

A sharp drop before the release of economic data, and then a strong rebound in BTC after the sharp drop.

After the strong rebound of BTC, the expectation of the release of economic data came again.

It started to fall again.

A sharp drop and rebound shows that the buying power at the support level is still good.

Economic data and speeches by Fed officials will fall.

It shows that the market is pessimistic about interest rate cuts again and again.

Last night, Fed voting member Bostic said that

It is still expected to cut interest rates once this year, but 0 or 2 times are not ruled out.

What about the three interest rate cuts?

Once again, the expectation of interest rate cuts is brought to a freezing point.

If there is a sharp drop after the data is released at 8:30 tonight, you can choose to buy the bottom.

The extreme pessimism is the release of bad news.

Maybe the CPI data will be good (the probability is only 30%), then there will be a big rise.

Another factor in yesterday's round of decline was that more than 10,000 BTC flowed into the exchange.

It will take at least two days to digest before we can challenge the high again.

The bull market has lasted for 5 months to date.

Many coins have increased several times. Although BTC will fluctuate upward,

we must lower our expectations, follow the trend, survive in the cracks and fluctuations, and seek the next outbreak point.