BULL? BEAR?
General situation
- $BTC : 67,540.04 USD (-2.84%)
- #ETH : 3,507.69 USD (-4.42%)
- #BNB : 607.10 USD (-1.55%)
- #Solana : (LEFT)**: 149.93 USD (-5.78%)
- #XRP : 0.4807 USD (-3.01%)
Market News and Analysis
- FOMC and CPI Report**: Markets expect high volatility in the coming days due to the Federal Open Market Committee (FOMC) meeting and the Consumer Price Index (CPI) report. This meeting and report can have significant impacts on market orientation.
- ETF Entries and Exits**: Significant movements are observed in Bitcoin and Ethereum ETFs. There have been $64 million outflows from Bitcoin ETFs recently, which may indicate short-term selling pressure.
- Macroeconomic Factors**: Macroeconomic factors such as interest rates and inflation have a huge impact on crypto markets. The future course of interest rates, especially in the United States, may affect the performance of cryptocurrencies.
#### Bull and Bear Season Expectations
- **Bull Season**: Some analysts predict that Bitcoin may rise to 83,000 USD in 2024. For Ethereum, 10,000 USD levels are targeted. These predictions may indicate that a general bull season may begin for cryptocurrencies.
- **Bear Season**: Short-term volatility and high ETF outflows signal that a temporary bear season may occur in the markets. However, in the long run, a return to the bull season may occur with the change in macroeconomic factors and market dynamics.
### Conclusion and Evaluation
Although the market exhibits high volatility in the short term, long-term expectations are generally positive. Important economic events such as the FOMC meeting and the CPI report are critical events that will affect the short-term direction of the market.
I am not a financial advisor and these predictions should not be taken as investment advice.