This Thursday, PPI data will be released, which is crucial for assessing inflation and economic trends in the United States. It is advisable to pay close attention, as it may have far-reaching effects on the cryptocurrency market.
Trump has once again voiced his support for cryptocurrency today; however, the market has not shown significant fluctuations. In the absence of actual favorable policy, a consolidation pattern in the market is basically set for the short term.
Currently, the Federal Reserve has become the biggest uncertainty factor in the market. According to CME data, the probability of no interest rate cut in June exceeds 90%. Until there are clear signals of tariffs taking effect or economic recession, do not have overly high expectations for a market rally.
It's expected that the market will remain in its current sideways trend for some time, mainly due to the need to digest the chips bought at high levels earlier. Investors holding altcoins should not blindly chase up, and it is more prudent to wait for a pullback opportunity before making decisions.
From the trend of Bitcoin, as long as it does not fall below the 100,000 mark, there is still an opportunity to challenge the 110,000 mark. For short-term operations, focus on the range around 101800 - 10800. The upper pressure is at 104800 - 105300. If Bitcoin can successfully break through this pressure level, the likelihood of rising to around 108000 - 110000 will significantly increase.
Personal advice is for reference only.
Recently, the situation in the market is complex, and investments need to be particularly cautious. Do not blindly chase up in the short term; patiently wait for the opportunity to pull back. In the coming weeks, if a strong breakthrough cannot be achieved, it is highly likely to fall into a sideways consolidation state, expected to last three to five weeks. #美国加征关税
