The key factor currently affecting the crypto market is the PCE inflation data to be released next Wednesday. According to market predictions, PCE and core PCE are expected to decrease by 0.3% and 0.2%, respectively, much lower than previous inflation expectations. This significant drop in inflation data may help support expectations for a Federal Reserve rate cut, providing Powell with a reason for policy adjustment, which could become a short-term positive for the market.
If there are no other unforeseen factors, the market may react in advance before and after the data is released. However, it is important to note that most mainstream cryptocurrencies have already experienced significant increases, with Bitcoin prices returning to the bull market range, and altcoins generally soaring. Therefore, from a longer-term perspective, gradually reducing positions at highs is more rational than blindly chasing highs.
Currently, my strategy is:
Long-term position: gradually exit and realize profits.
Short-term position: flexible swing trading, for instance, ETH has been hitting new highs due to upgrade topics, and short-term opportunities can be taken during pullbacks, while also employing high-selling and low-buying strategies for popular coins like PEPE.
Summary:
Short-term stimulated by favorable news, the market is expected to continue to rise, but in the medium to long term, it is necessary to remain calm, gradually realize profits, seize swing opportunities, and strictly control risks.
Today's article ends here; welcome to play together on the homepage~
Investment carries risks; the above content is a personal sharing and does not constitute investment advice!
