April 12 news
According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in May is 94.5%,
The probability of a cumulative 25 basis point rate cut is 5.5%. The probability of the Fed keeping interest rates unchanged by June is 76.6%,
The probability of a cumulative 25 basis point rate cut is 22.4%, and the probability of a cumulative 50 basis point rate cut is 1.0%.
The Fed's interest rate cut in 2024 should be postponed, and the number of times per year will be reduced from 3 to 2. Although the news is quite negative, Bitcoin is still strong and is still fluctuating at a high level of 70,000 points. Then the Bitcoin halving wave should hit 100,000!
Returning to the market, the strong unemployment data and rebounding CPI data in the United States have brought Bitcoin down again, but from the market, we can see that the depth of Bitcoin's decline is becoming more and more limited, and the rebound is getting stronger and stronger. There is a high possibility of a new high in the short term.
