[Market view on the evening of April 25]
Just yesterday, on the 24th, BlackRock (IBIT) broke its record of 71 consecutive trading days of net capital inflows, which means that BlackRock (IBIT) had no capital inflows. CZ's case has touched the hearts of many people in the B circle. It is reported that the judge recommended 36 months in prison. Before the final verdict on April 30, 161 relatives and friends around CZ submitted a letter of appeal to the judge. This negative factor has been digested for a long time. At this moment, BNB is still strong, which is a good antidote. Let's see CZ's money ability and the lawyer team behind him. Due to many negative factors today, the market has once again dropped and broken the MA60 moving average again. The lowest price of BNB reached 62,900. The negative news has the following two main impacts:
1: Insider: The US SEC is expected to reject the spot Ethereum ETF next month
2: The United States announced three important data
1. Unemployment: Expected 215,000, actual 207,000, lower than expected, negative
2. Initial GDP annualized quarterly rate: expected 2.4%, actual 1.6%, much lower than expected, positive
3. PCE in the first quarter: expected to be 3.4%, announced to be 3.70, bearish
Overall, it is bearish. If it continues to weaken, it will fall back to the 60,000 support again. I believe the market is nervous at the moment. The current market is about patience. Value coins are very tiring. As I said before, the bull market is still there. This time, when clearing leverage, hold the spot and keep a good attitude. Don't always open the market to check the market. As long as you are still alive and not kneeling before dawn, you must be profitable.
