What will be the trend of Bitcoin next? Signals are coming!

The data that can directly affect the cryptocurrency market now is next Wednesday's PCE inflation data, and the results will be surprising, as shown in the chart. The market predicts a significant decrease in inflation, with PCE dropping by 0.3% and core PCE dropping by 0.2%, rather than the inflation increase that everyone imagines.

A steep drop in PCE is beneficial for the Federal Reserve to lower interest rates, which will give Powell a way out. So, if there are no other interfering factors, this should be a good positive signal next Wednesday, and the market may act in advance.

However, overall, I think if there are high points, it is actually time to take profits, as various cryptocurrencies have risen significantly. Bitcoin has already recovered to bull market prices, and altcoin season has also surged. We had a 30% gain with Sol, and then played with the altcoin Pepe, gaining another 30%. In the bigger picture, I am reducing my positions rather than increasing them, buying when no one cares, and selling when there is a lot of noise.

So in the next week or two, there may be some positive developments, and I believe it is a good time to exit some long-term positions; this is the overall direction.

As for short-term positions, we will make several waves based on the market trend. For example, with ETH due to positive upgrades, I mentioned yesterday that if there is a pullback, we would buy, and today it has surged to a new high again. Additionally, I have also guided everyone to play several Pepe waves, selling high and buying low, which has actually yielded quite a bit of profit.