have a good weekend!
From the current price, we can know the general impact of the relevant speech this morning.
Unfortunately, Trump did not speak out to boost the market, but fortunately, the price did not fall sharply and Bitcoin still remained above $85,000.
U.S. stocks also showed a slight upward trend at the close.
Since 5 a.m., the market has been relatively stable during the Asian trading session, with no major fluctuations.
However, as the weekend is approaching, market liquidity will be extremely scarce and market makers will exit the market. At this time, a very small amount of funds or chips may cause large price fluctuations, so investors must be vigilant.
Looking at Bitcoin’s 12-hour inflows the picture is not good.
For now, the hope is that the market will be able to get through the weekend smoothly and avoid prices falling below the key support level of $85,000.
As for the subsequent trend, we need to pay attention to whether there will be major events that can push the price to break through the $85,000-91,500 range or even hit $95,000.
As the Crypto Summit came to an end, the market focus returned to macroeconomic expectations, including inflation data, the direction of the dot plot, and the progress of balance sheet reduction.
At present, in the upcoming interest rate meeting, decisions related to balance sheet reduction are most likely to boost market sentiment. Even if the pace of balance sheet reduction slows down, it will be a big boon to the market.
in addition:
Yesterday’s non-farm payrolls were lower than expected, reporting 15.1
Unemployment rate higher than expected, announced at 4.1%
Overall, the US economy's growth momentum may be weakening in early 2025.
Compared with the data in January (143,000 new jobs, unemployment rate 4.0%), this shows limited improvement in the job market and failed to meet market expectations for a stronger recovery.
The probability of interest rate cut increases!
Know the crypto market situation next week in advance
Next week, the Bank of Japan will hold interest rate meetings on March 19 and the Federal Reserve will hold interest rate meetings at 3 a.m. on March 20.
Before that, the main force will most likely make cautious arrangements in advance, and the market will fluctuate with reduced volume, waiting for large fluctuations before and after the meeting.
There will be several sets of important data released from next Wednesday to Friday evening:
The US CPI for February will be released at 20:30 on March 12;
The US core PPI for February will be released at 21:30 on March 13;
The preliminary value of 1-year inflation expectations will be released at 21:30 on March 14. These data will have a strong impact on the market.
Based on this, short-term contract trading is still mainly shorting on rallies. The market fluctuation range is expected to be between 90,500 and 80,950. Investors need to keep a close eye on the market and plan their transactions rationally.
Sweet girl recommends the recent rise in wealth coins
➤ $STONKS
Market value: $31,917,700
24-hour trading volume: $3.9429 million
STONK is still so strong, and epic benefits for community projects are coming!
SOL STONKS! Because of the major reforms of B-Sec, community projects with strong consensus have greatly increased the possibility of listing on B-Sec in the future. B-Sec now supports voting for listing and voting for delisting, giving community users a stronger voice in the process of token listing on B-Sec.
This reform is unprecedented in standing on the side of users, and the project community with consensus will reap all the benefits from this reform. It is estimated that this move by B-An has touched the hearts of many people.
➤ Renzo ($REZ)
Market value: $55,722,500
24-hour trading volume: $152 million
REZ is also a very strong token recently. It has been spiraling upwards. It has fallen back again at present. You can enter the market with a small position to gamble. You can set the stop loss at a small level and a new low, about 6%. The upper target will first look at the previous high of 0.032.
The current funding rate is still -2%. I don’t know whether the air force will surrender first or the dog dealer will surrender first. We just need to participate with a small position!
Professionalism creates value and details determine success or failure.
If you feel helpless or confused when trading in the cryptocurrency world, I hope my sharing can bring you some inspiration and help!