BitEagle Accurate Market Analysis 1.16 @Everyone

Good morning, brothers, since the BTC ETF was passed, BTC has been in trouble.

The saying that all good things come out as bad things is really an unbreakable truth.

The long-term is conducive to the entry of funds, but the short-term pullback occurs because there is no story to tell.

The rise of BTC requires reasons and stories.

The next story is halving and interest rate cuts,

The halving is still 4 months away.

From a macro perspective, the market believes that there is an 80% chance that the Federal Reserve will start cutting interest rates in March.

But that may be too optimistic.

The last key inflation data before the next Fed meeting, the PCE price index, will be released on January 26.

There are still 10 days to go.

The world situation is complex and ever-changing. We were originally optimistic about a decline in inflation, but the situation in the Middle East has been unstable recently.

Dozens of attacks by the Houthis have caused massive diversions of ships in the Red Sea.

If commercial shipping in the Red Sea remains closed for several months, higher freight rates could add 0.7 percentage points to annual CPI inflation by the end of 2024.

Yesterday, Iran took action and attacked Israeli strongholds in Iraq and Syria.

At the same time, long positions in U.S. stocks are extremely crowded, and the risk of a correction increases!

If the conflict breaks out further, U.S. stocks will plummet in the short term, and the decline in long-term inflation will also be a negative factor.

It is currently recommended to have a position of 5 levels, to ensure that you do not go short and observe more, and wait for the opportunity.

The next main story before the halving is the Cancun upgrade,

Callbacks can ambush ETH, op, arb, ssv and other currencies. $BTC $ETH $ARB