【Black Golden (BG) 0423 Daily Report】
Don't assume that reaching 67,000 is the extent of the rebound. This is only a return to the intermediate range, and there will be more oscillation ahead. This week is the quiet period before the FOMC meeting, which means the market will be relatively calm. Could a daily movement of $1,000 break the previous high? The theme of the May FOMC meeting emphasizes that the path of inflation is erratic and the pace of rate cuts will be determined based on inflation data. If data continues to strengthen, rate cuts won't be considered.
Global BTC 10:00 (GMT+8)
(AI Little Black)
Futures long-short ratio: 48%:52% (Despite price increases, bears have not relinquished control. Beware of sudden spikes.)
Spot buying-selling ratio: 53%:47% (Both institutions and retail investors have started buying back in.)
BTC: Around 67,000 is the intermediate range, with potential fluctuations of 3,000 points up and down. Watch out for sudden spikes. Continue to consider buying at levels below 65,000.
ETH: ETH continues to oscillate around round number levels: 3,000, 3,100, 3,200, and 3,300. Without breaking 3,600, ETH remains a drag on the market. The ETF has already been confirmed to be rejected, and without institutional involvement and with retail investors remaining uncertain, prices are likely to linger. The change in trend requires a significant spike in price.
Previous recommendations of SOL, TIA, ORDI, and SATS have reached short-term peaks; consider taking some profits.
Keep an eye on BTC's ecosystem and its evolving innovations. From inscriptions to runes, and from runes to magic, the future will be bright.
