Brothers, this is serious, there’s big news tonight!
The CPI data for the beautiful country in April is about to be announced.
This thing is directly related to the big coin.
The key to whether it can continue to climb.
Will tonight be a surge or a plunge?
Let's first talk about the current situation, the big coin is like it's drunk.
It's swaying back and forth between 100,000 and 106,000.
Don’t panic just because it dropped from 105,000 to just above 100,000 these two days.
In fact, this is just the manipulators playing tricks!
Why do I say this? Let’s continue discussing.
First, let’s see what the main players are secretly doing?
These guys have cashed out $143 million at high prices in the last three days!
I am monitoring the data from Coinbase, Binance, and OKX with professional tools.
Orders over $3 million are popping out like dumplings.
Originally, the market's selling pressure was just like a busy train station during Spring Festival.
As a result, good news suddenly came out the other day, and several big players started to buy crazily.
But no matter how fiercely you buy, you can't withstand the selling orders like they’re free.
So a short-term correction is very normal!
Then there is the technical situation.
The daily line is still steadily stepping on the blue trend line.
The four-hour line has been grinding in the 103-105 range for several days.
Last night it surged to 1058 and then fell directly, resulting in three consecutive downs.
Now it has broken below this important support level of 103.
However, below the 100,600 position, the chips are piled up like a city wall.
As long as it holds, jumping up to 106,600 is just a matter of minutes!
Brothers, the key point is coming!
Tonight at 8:30, the CPI data for the beautiful country is a nuclear-level news.
This directly affects when the Fed will cut rates.
If nothing unexpected happens, there are two scenarios.
The first scenario: CPI is lower than expected.
If the data is strong, the expectation of interest rate cuts will immediately rise.
The big coin can take off at any moment!
Directly push to above 105,000, and a surge to 120,000 is also possible.
Now institutions are buying and buying + ETF funds are flowing in.
The probability of breaking below 100,000 is less than 20%!
The second scenario is: CPI rebounds and hits back.
Then the dollar has to perk up.
The big coin may go to the range of 97,000 to 99,000 to find support.
But brothers, don’t panic!
MicroStrategy is holding on.
$21 billion in capital increase is ready to bottom out at any time.
There are not many long-term holders who want to sell.
At most, it will continue to fluctuate between 90,000 and 110,000.
So brothers still on the bus, just sit tight.
Recently, Trump, this troublemaker, is stirring things up again.
Every time this old guy releases good news, the market and altcoins plummet like they’ve taken laxatives.
The tricks from the 2018 trade war have long been seen through by the market.
Now that all the good news has been released, it’s bad news!
Plus the tariffs added in April have put immense inflation pressure.
Even if it pauses for 90 days now, commodity prices have already risen.
Do you think CPI can look good?
So how smart is Buffett?
Now old Buffett's Berkshire is holding $314 billion in short-term U.S. debt.
More than the Fed itself, cash reserves have piled up to $347.7 billion.
This old fox clearly does not have a positive outlook on the beautiful country's economy and is ready to run at any time!
Next, let's talk about the current state of altcoins?
Ether surged to 2600 in the last two days and then faded away, the daily line has shown two lightning rods.
The four-hour line has been struggling around 2400, if it breaks below 2280, something big will happen.
Other altcoins are worse, generally with 20%-30% more room to fall.
Remember! This wave of correction in altcoins is an opportunity for you to bend down and pick up money.
It’s not too late to enter the market once Ether stabilizes!
In the current market, there is a ceiling at 106,600 and a floor at 100,600.
The manipulators are playing high throw low absorb in the middle, retail investors are destined to be cut!
Why did it crash on Monday? Because the Fed blew the probability of not cutting rates in June up to 91.9%.
The market has long price-in'd, no matter whether tonight's CPI data is good or bad, it's a shoe dropping.
Those who should run have run, and those who should withdraw have withdrawn, but want a crash? No way!
The big coin is currently stuck firmly at the 100,000 position.
Next is the iron bottom at 99,000.
The Fed's interest rate cut play is not over yet!
So brothers, feel free to fight boldly, don’t let regret linger.
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