【Black Golden (BG) 0411 Daily Report】
Inflation data has slightly increased, but as mentioned earlier, interest rate cuts are a prevailing trend. Unless inflation increases for two consecutive quarters, it won't affect interest rate cuts around September. It's still expected to be over 75 basis points this year. Tonight's PCE data will likely follow the same pattern. Even if the data is not ideal, it will only result in a brief dip. Keep holding! This weekend is the last chance for the bears. Be cautious as they make a final desperate attempt. Buy on dips.
Global BTC 10:00 (GMT+8) Data
(AI Little Black)
Futures Long-Short Ratio: 51%:49% (Competition between bulls and bears is not intense; both are waiting for opportunities)
Spot Buying-Selling Ratio: 48%:52% (Selling slightly exceeds buying, long-term holders are reducing their positions)
BTC: The range between 64,500 and 72,500 is the battleground. Surpassing it will take off, while falling below will result in a crash. However, the probability of a crash before the halving is very low. Of course, large volatility is inevitable, but it will quickly rebound. Next week is the most crucial time before the halving. It's predicted to break out strongly around the 15th, so buy on dips. The data on miners' selling is inaccurate and belongs to normal quarterly hedging.
ETH: Despite some large holders reducing their positions, it doesn't affect the overall trend much. With a large fundamental base, there's limited downside risk for ETH, especially under the reasonable valuation pressure of ETH/BTC. However, beware of BTC's upcoming absorption. You may temporarily abandon ETH and accumulate BTC if you have funds.