đ4/22 ~ 4/28 This weekâs key information updates:
After the geopolitical turmoil, the market took a breather and began to compensate for the excessive decline due to panic. Once again, there are still market funds. Even if global liquidity tightens temporarily, it will not affect the performance of mid- to long-term risk assets, especially the currency market. Cryptocurrency is an asset created by mankind with the strongest network effect and super performance in various financial dimensions.
With the Bitcoin halving completed and the cost of Bitcoin mining rising to $110,000, Bitcoin miners' sell-off will begin to decrease. After April, as fiscal liquidity is replenished, it is expected that market liquidity will begin to recover. At the same time, the European Central Bank has stated that it has a high chance of cutting interest rates in June, and China has also sent a signal of easing. Therefore, it is expected that when other countries begin to enter a period of easing, funds will first chase U.S. dollar assets, which will also bring steps to the U.S. interest rate cut.
The most important thing this week is Fridayâs PCE inflation data. This data is the inflation indicator that the Fed is most concerned about. The current market expectation is 2.7%, which is lower than the previous 2.8%. In addition, other factors such as the monthly rate of personal spending and existing home contracts Sales are not expected to be good, so this week there will be an opportunity to reverse the hawkish signal from the Federal Reserve that the market was worried about a while ago in terms of data.
Squat first and then jump in April, we will welcome a new rising market in May and June đ.
đ From the data point of view, the capital pool continues to be abundant; $BTC chips are biased toward the long side in the short term. The overall situation seems to be in a shock structure, and sector rotation is now ongoing.
