Market Analysis 4.22
Good afternoon, brothers, a new week has started.
Last week, there was a lot of bloodshed, and this week we will mainly wait for the blood to return.
The conflict between Iran and Israel has cooled down.
Although Israel was still attacking Hezbollah in Lebanon yesterday,
it was a small-scale conflict and would not affect the overall situation.
From the on-chain data, there is enough stablecoin in the exchange,
and the amount of BTC flowing into the exchange after the halving has decreased a lot.
As BTC fluctuates up and down every day,
the US government will increase its debt by $1 trillion every 100 days,
and the US government debt is currently as high as $34 trillion.
In the next five years,
the trillions of dollars on the global balance sheet will depreciate significantly or become worthless.
The US government can repay its debts by printing money,
but this will lead to a surge in money supply.
Against this background, gold and BTC will rise in the long term.
This week, pay attention to several important economic data released on Friday:
PCE and consumer confidence index, one-year inflation rate expectations
As I said yesterday, if the data is bearish for the cryptocurrency market, it will not affect it,
because the expectations of interest rate cuts have dropped to the freezing point,
and it can't get any worse.
But if the data reverses market expectations, BTC will challenge new highs.
Therefore, you can still buy BTC now,
ETH is considered digital silver, and you can also buy it.
At present, 80% of the position is recommended,
brothers who bought the bottom a few days ago should hold it patiently,
don't be scared away by short-term fluctuations.
