2024.4.10 Macro Analysis

Good morning, brothers. The current market situation is very clear. In essence, it is a cycle between a sharp drop and a rebound and a sharp drop in economic data. There was a sharp drop before the release of economic data, and then BTC rebounded strongly after the sharp drop. After BTC rebounded strongly, the expectation of economic data release came again, and it began to fall again. The sharp drop and rebound show that the buying power at the support level is still good. Economic data and speeches by Fed officials will lead to a drop. It shows that the market is pessimistic about interest rate cuts again and again.

Last night, Fed voting member Bostic said that he still expects one interest rate cut this year, but does not rule out 0 or 2. What about the three interest rate cuts? Once again, the expectation of interest rate cuts is brought to a freezing point.

If there is a big correction after the data is released at 8:30 tonight, you can choose to buy the bottom. The extreme pessimism is the release of negative news. If the CPI data is good (the probability is only 30%), there will be a big rise.

Another factor in yesterday's round of decline was that more than 10,000 BTC flowed into the exchange. It will take at least two days to digest before challenging the high again. The bull market has lasted for 5 months, and many coins have increased several times. Although BTC will fluctuate upward, we must lower our expectations, follow the trend, survive in the cracks and fluctuations, and seek the next outbreak point. #财经解读 #BTC