April 28 $BTC $ETH Viewpoint
1. Large pancake, expected range 94800-93500, expected trend to rise and then fall;
2. Small pancake, expected range 1820-1780, expected trend to rise and then fall;
3. No important data/events today.
Tuesday 22:00 JOLTs Job Openings (expected slight positive impact)
Wednesday 20:15 US ADP Employment Change (expected positive), 20:30 US Q1 GDP, 22:00 US March PCE Price Index
Thursday around noon Japanese Central Bank interest rate (to guard against negative impact of interest rate hike)
Friday 20:30 Non-farm Payroll/Unemployment Rate 【Market Analysis】
This weekend, large and small pancakes show a trend of rising and then falling. The rise continues the upward momentum from last week, and the fall is due to the lack of positive news over the weekend and Monday, leading to relatively high prices and profit-taking.
Today there is no important data/events, with a tug-of-war between bulls and bears.
Expected market to show narrow fluctuations, rising and then falling trend.
【Mid-term View】
① With Trump showing a softened attitude towards the tariff war with China and other countries, and indicating no intention to dismiss Powell, the market sentiment has improved significantly, and one should not be overly bearish.
② Starting this week, the market will pay attention to employment data and inflation data, gradually starting to speculate on interest rate cut expectations, with market volatility fluctuating sharply based on the quality of the data.
The main range for large pancakes is seen at 93000-88000, and for small pancakes at 1800-1650;
③ In the long term, the bull market is nearing its end. For counterfeit varieties and spot goods, it is advisable to sell in the next month or two as the rebound approaches 30%-50% of the decline since December.
【Strategy】
Trade on the edge of the range, short at highs and long at lows.
