Recently, the economic data from the United States has been quite intense. The GDP deflator for the first quarter surged to 3.7, significantly higher than the expected 3.1. As soon as this data was released, the market went into a frenzy. Inflationary pressures persist, and the Federal Reserve may need to maintain its grip on interest rates, which is not good news for cryptocurrencies. ETH has recently suffered significant declines, but some believe this is the last dip before a major rise, and they are waiting to buy the dip.
Although the inflation data is somewhat high, the market still believes that the Federal Reserve will cut interest rates this year. Key indicators like core CPI are showing signs of easing, and there’s a possibility that rate cuts could begin in the third quarter. If there are indeed rate cuts, ETH may catch a breather. When interest rates drop, there will be more money in the market, and where will the funds flow? Cryptocurrencies will definitely get a share of the pie.
Next, we need to keep an eye on the Federal Reserve's actions, especially the data on CPI and unemployment rates. Any fluctuations in these will likely cause ETH prices to react. However, it’s important to note that the market can be unpredictable; ETH is highly volatile, so don't just jump in because others are calling for a buy the dip. The money is yours, and if you lose, no one will feel sorry for you. Remember, surviving is key to generating returns, and preserving your capital is the hard truth.
As for the next positioning strategy, I will guide everyone to focus on the lucrative opportunities in altcoins, with an expected return potential of over 10 times. Like and leave a message, and I’ll help you strategize for the entire bull market!
