Yesterday we experienced: BTC fell sharply and then recovered. The reason for the sharp drop was that the non-agricultural data last week exceeded expectations, pushing US bonds further up to 4.8%. The US dollar index once rose to more than 110 yesterday.

When US bonds fall and the yields become higher, large funds will flow out of risky assets and flow into US bonds, causing the risky asset BTC to fall.

From yesterday to today, 3000+ BTC flowed into the exchange. The stock of stablecoins has increased to a certain extent, and there are obvious signs of bottom-fishing. Someone bottom-fished 10 million US dollars of PEPE from Binance and proposed

In the analysis last Sunday, we said that it is expected that the cryptocurrency market will not rise sharply before the CPI is released. The cryptocurrency market will have a chance to turn around after the CPI data is released at 9:30 pm on Wednesday

The current market expects that the Federal Reserve will not cut interest rates this year, but expectations may be wrong

In the past year and a half, market expectations have been wrong five times. At present, US bonds are oversold, and the RSI point of the Treasury bond index has reached the 30 oversold line. The current overly pessimistic expectations may in turn suppress economic growth. In addition, Trump's coming to power has brought benefits to the cryptocurrency market. Therefore, we are bullish. If it falls back to 90,000 before Wednesday, it will be an opportunity to continue bottom-fishing 11:19

#BTC走势分析