#contentminin#btc
#Bitcoinspot ETF, any data is not as good as the effect of catching wind and shadows, a piece of news that may not be realized is enough to make BTC rise by 2,000 US dollars, what else is needed.
Today is the same. Even if the data shows that liquidity is extremely low and the willingness to buy and sell is very weak, a data that has almost nothing to do with the Fed's interest rate hike can make the market crazy. To be honest, studying the Fed is more important than anything else. It's not right, it's not studying the Fed, because I guess the Fed itself doesn't know what to do next, but it's unlikely to change interest rates in June and July. This is a high probability event.
If the interest rate really changes, it will take at least after September, so it's better to say that it's studying market expectations rather than studying the Fed. The data is not important. As long as the market expectations are good, the risk market will rise. If the market expectations are not good, the risk market will fall.
Tomorrow night's core PCE is a relatively important data. After all, the inflation mentioned by the Federal Reserve refers to the core PCE. Many friends asked me about tomorrow's expectations. Judging from the current data, the market expects the data in April to be the same as in March, which is not a good thing in itself. Then I checked the data of the Cleveland Fed, which is similar to market expectations, slightly lower but also limited.
If it is based on current expectations, tomorrow's trend should not be too bad, but if the core PCE data not only does not fall, but rises, that is, exceeds the previous value and expectations, then the market is likely to not give a good face. And tomorrow is Friday, which is not only the day with the least amount of funds in the working week, but also the liquidity will enter a lower state after the end of Friday, which will also increase the amplitude of #BTC .
The more times like this, especially for those who are leveraging, the more cautious they should be. Any direction is possible, but judging from the current data, BTC's four support areas are still very intact. Leaving aside the first three, the fourth, which is around $65,000, has not changed significantly, and there has been no large-scale exit of investors at this position. At least for now, the support level is still very solid.
This is what we have always emphasized. Early profitable investors and loss-making investors have no intention to increase turnover. More investors are still waiting for better opportunities. Low prices have made it increasingly difficult for investors to hand over their chips.
Finally, from the stock data of the exchange, although the stock has a downward trend in the last 24 hours, the decline is too small. At present, there are still about 12,000 BTC from the lowest stock in nearly six years.
