There are several macro data this week, especially the CPI + interest rate decision + monetary minutes will be released tomorrow night. If tomorrow's data is positive and supports the rebound, there will be opportunities in the short term, but the premise is that it must reach a new high. If the rebound cannot reach a new high, it will fall in the future.
1. At 8:30 tomorrow night, the CPI data will be released. If it is lower than expected, it will be positive, otherwise it will be more positive.
2. At 2:00 am tomorrow night, the Federal Reserve will announce the interest rate decision and economic forecast summary (FOMC meeting).
3. Around 2:30 am tomorrow night, Federal Reserve Chairman Powell will deliver a speech.
The main reason for Ethereum's sluggishness is still the non-agricultural data report, plus the fact that a giant whale suddenly began to sell more than $56 million worth of Ethereum.
This round of callback actually has a very limited impact on Bitcoin, mainly on altcoins.
In fact, many altcoins have fallen to the bottom of the bottom, and they can't fall any further. At this time, don't always ask if you can get it. As long as it is a valuable altcoin, you can get it.
Especially for those altcoins that have never exploded from the beginning to the end, we must hold on to them firmly, as the tide will turn!
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