Today's Market Analysis:
Currently, #大饼 is fiercely battling above 90000, will it break through the sky-high 100000 mark, or will it fall back below 90000 again?
In the short term: Bitcoin has been trapped around the 95000 line for over two months, and the main reason for the recent rise is that institutions are hoarding coins for layout, while retail investors in the market have been selling and shorting.
Last week, the understanding king softened his rhetoric, considering reaching an agreement with China as soon as possible to avoid slow capital outflow, which has led to a large influx of funds into ETF $BTC .
Recently, positive news has been released, and this week's market mainly looks at sideways movement and minor pullbacks. [Personal suggestion: do not enter the market easily when the situation is unclear.]
This week, several major data releases are scheduled:
1. Wednesday 20:15, US April ADP Employment Numbers
2. Wednesday 20:30, US GDP Data
3. Wednesday 22:00, US PCE Data
4. Friday 20:30, US Non-Farm Payrolls, April Unemployment Rate
Once the above data is released, if it shows a cooling of inflation, it will accelerate BTC's breakthrough. Since April 9, the average price increase of US e-commerce products has been 29%, making it difficult for inflation to cool down.
The current position of Bitcoin is not suitable for entry; wait for a pullback and continue to hold a bearish view.
Ah Yi continues to pay attention to market conditions, and will enter when there is a suitable position. If you want to know the points immediately, come call me.
