On Thursday (March 27), Bitcoin bulls weakened and fell back, with prices dropping below $87,000. U.S. President Trump imposed a 25% tariff on car imports, with related measures to take effect on April 2.
On the local time, the three major U.S. stock indices closed lower, with Bitcoin dropping to a low of $85,860. In the last 24 hours, a total of 114,768 people were liquidated globally, with a total liquidation amount of $263 million.
This Friday (March 28), two major data points will be released:
Core PCE Price Index - The inflation indicator most valued by the Federal Reserve, with an expected year-on-year growth rate of 2.8%
Michigan Inflation Expectations - 1-year outlook has surged to 4.3%; if it falls back, it will strengthen the logic for interest rate cuts.
The current market has already reacted in advance to optimistic expectations:
Bitcoin Options Market: The open interest in $87,000 call options surged by 300%, betting on a breakthrough of $90,000 after data is released.
U.S. Stock Fund Flows: Tech stock ETFs saw a net inflow that reached a year-high in one week, indicating a rapid increase in risk appetite.
Federal Reserve Swap Contracts: The probability of a rate cut in June has risen to 78%, with full-year rate cut expectations returning to 100 basis points.
If the data meets expectations, it may trigger a triple positive resonance: strengthening rate cut expectations → weakening dollar → risk assets celebration. But beware of black swan risks—if the core PCE unexpectedly rebounds, the market may see a repeat of February's 'double massacre' of stocks and bonds.
The four major altcoins are taking turns to start, with wealth expected to surge 100 times by 2025!
PARTI
PARTI's market cap is currently very low, crawling at this position, generally it will make a wave, but a conservative attitude is still needed towards new coins.
SUI
The SUI team has staking income in the market, somewhat similar to a P2P model, which is beneficial for the market. The only concern is the occurrence of events like OMG or Luna; there needs to be stop-loss orders in this space!
SHIB
With the market warming up, SHIB has also started to rise. Here, Dogecoin and Pepe were mentioned together, as their trends are the same. If you say they are not part of the same team, even the 'dogs' wouldn't believe it. This position shows signs of bottoming out but still doesn't reach the level of reversal; it is just a rebound. Since three bullish days have appeared, three are taking turns to rise.
CRV
CRV did not bounce back to the original point this time but rebounded in the upper board area of the previous point, proving that the lines drawn earlier indicate the dealer's intention is still to push out a wave.
