💡 Planning After Bitcoin's Sharp Drop on April 10

📉 Market Analysis:

Bitcoin experienced a significant drop, currently sitting at $67,712.17, down 4.01%. This decline was anticipated, with the likelihood of a 25 basis point rate cut in June dropping to 56%.

📊 Inflation Impact:

Inflation data exceeded expectations, leading to reduced expectations for rate cuts. The market's reaction resulted in a downward trend, but whether it will persist remains uncertain.

💰 Rebound Strategy:

While the market experienced a setback, there's potential for a rebound. Look for signs of a reversal and consider initiating buy orders strategically.

⚖️ Support Levels:

Key support lies around $66,900, aligned with a 4-hour K-line trend line. Stronger convergence support is at $64,000.

🔄 Trial and Error:

Planning ahead may involve short-term trial and error. Consider entering the market cautiously, such as buying more at $67,600 and $64,200, while remaining vigilant for further downturns.

🚪 Exit Strategy:

Be prepared to exit the market decisively if the downturn continues, safeguarding against further losses.

Stay informed, stay adaptable, and be prepared to adjust your strategy based on market dynamics. #Bitcoin #MarketAnalysis #Cryptocurrency 📈💼$BTC $ETH $BNB