【Black Golden (BG) 0426 Daily Report】
(Data timeliness is 18 hours)
BTC experienced significant fluctuations between 62,700 and 65,300, leading to the liquidation of both bulls and bears. Currently, BTC is influenced by expectations surrounding the PCE data and settlement prices. The market is expected to see a surge over the next few days due to events in Hong Kong's ETF. Especially driven by Justin Sun's purchase of ETH , which may lead to an upward movement for ETH. Next week's FOMC meeting will be the key moment for BTC to find direction. The U.S. first quarter GDP unexpectedly dropped significantly, and the growth portion mainly came from the contributions of consumer spending and investment. However, the GDP contributed by inflation may lead to economic negative growth under high inflation, which is the primary concern for the FOMC. We still expect to begin the first rate cut in September and to cut rates by a total of 75 basis points throughout the year.
Global BTC 10:00 (GMT+8)
(AI Little Black)
Futures long-short ratio: 43%:57% (Both bulls and bears faced liquidations, but bears still have the upper hand.)
Spot buying-selling ratio: 49%:51% (Increased trading volume, mostly selling.)
BTC: Same as above the analysis, BTC sought support around 62,000 and rebounded to 65,300. Expect intense struggles around 64,000, with a wide range of fluctuations between 62,000 and 66,000. There's a high probability of a rebound above 65,000 this weekend. The key will be whether the PCE data is off the charts.
ETH: Signs of a rebound in ETH are apparent. Pay attention to the resistance around 3,260 and event in Hong Kong. Consider entering around 3,000 and selling above 3,200. Short-term holdings.
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