2024.4.16 Macro Analysis

Hello, brothers. Last night's rebound failed to stabilize at $66,000 and almost fell below $63,000. As I said last night, the US retail sales data in March increased more than expected, and the US Treasury yield climbed to a new high since the beginning of the year, showing the elasticity of consumer demand, further weakening investors' confidence in the Fed's interest rate cuts this year, which is bearish for the cryptocurrency circle.

At the same time, Israel is likely to hit back at Iran and amplify the conflict, possibly within 3 days. Currently, airlines are canceling flights to Israel. The Israeli Prime Minister asked defense leaders to draw up a list of targets to strike, and it is said that the Israeli Air Force has completed preparations for an upcoming attack on Iran. If the war continues within 3 days, BTC will fall to $60,000 again. Even below $60,000.

Judging from the on-chain data, it is still healthy. There are many more stablecoins flowing into the exchange for bargain hunting, and the BTC flowing out of the exchange has increased, and there is not much BTC flowing in. If Israel and Iran stabilize, the cryptocurrency circle will recover some hope. #财经解读 #比特币减半 #etf