💯The first target of 87000 set on April 10 after the favorable CPI has been reached

The US stock market has not yet reached the target of 5570 points, $BTC has been consistently stronger than the US stock market during this round;

Next ↓

1) The expectation of a favorable outcome from the crypto working group meeting on April 25, $BTC has a chance to rise to the predicted second target range of 88000-90000;

2) On April 30, the PCE is currently expected to be 2.6% by most parties, lower than the previous value of 2.8%, which is broadly expected to be favorable; Powell also mentioned 2.6% in his speech last week

3) Most importantly, the tech earnings reports this week and next week,

April 22: Tesla

April 24: Google, Intel

April 30: Microsoft, Meta, Broadcom

May 1: Apple, Amazon

May 28: Nvidia

If the earnings reports are generally good and the US stock market does not fall during this period, BTC reaching 88000-90000 is basically not a problem.

If the earnings reports are good and the US stock market can reach 5570 points, BTC could be around 91000-92000;

If the earnings reports are disappointing and the US stock market falls during this period, BTC may struggle to reach the extreme level but could still have a chance to reach 88000-90000 (will observe the earnings report situation this week and next week and choose to close the long strategy formulated due to the favorable CPI around the PCE).