BitEagle 🦅4.25 Accurate Market Analysis
Good morning, brothers. Yesterday morning and afternoon, I reminded everyone that there would be a correction.
At 4 a.m., BTC almost fell below $64,000
The reason is still the reminder yesterday morning
There will be heavy economic data released today and tomorrow
Before the data is released, it will trigger a panic decline
Brothers who understand the analysis have reduced their positions in advance to avoid risks
Released at 8:30 tonight
(1) Number of unemployment benefits
(2) US first quarter GDP
(3) First quarter PCE
Released at 8:30 tomorrow night
(1) March core PCE
(2) University of Michigan Consumer Confidence Index
If the data shows that inflation continues to be high, then there will be certain negative factors
B TC may fall a little more, defend $62000. If the data shows that inflation has eased, it will challenge the previous high (30% probability). So before the data is released, if there is a big drop, buy the bottom first, because the profit and loss ratio is appropriate. This morning's analysis adds the core reasons for the high inflation in the United States: The main reason comes from illegal immigration. The number of immigrants in the United States in 2023 increased by 64% compared with 22 years. From 20 to 24, the number of immigrants increased by 3.4 million. In contrast, the number of new births in China in 23 years was only 9 million. A large number of immigrants entered, and the cheap labor force promoted the economic development of the United States. Immigrants need to eat, drink and rest, and also bring strong consumer demand and housing demand, making it difficult for the inflation rate to fall back to the Fed's 2% target.