Market analysis: April 10

Brothers, the current market is obvious.

Essentially, it's a cycle between a sharp rebound and a sharp drop in economic data.

BTC rallied strongly before the release of economic data, and then rebounded strongly after the crash.
After BTC's strong rally, the expectation of economic data release is here again.
It began to fall sharply again.

The sharp fall rebound shows that the buying strength at the support level is still okay.
Economic data and Fed officials' speeches are about to fall.
It shows that the market is pessimistic about interest rate cuts again and again.

Last night Fed member Bostic said,
It is still expected that there will be 1 rate cut this year, but 0 or 2 will not be ruled out.
What about the three interest rate cuts that were promised?
Once again, the expectation of interest rate cuts has pulled down the freezing point.

If it falls sharply after the data is released at 8:30 tonight, you can choose the opportunity to buy the bottom.
Pessimism to the extreme is the release of bearishness.
If the CPI data is not good (the probability is only 30%), then there will be a big rise.

Another factor in yesterday's decline was the inflow of more than 10,000 BTC into the exchange.
It will take at least two days or so to digest before you can re-challenge the highs.
The bull market has lasted for 5 months until today,
Many coins have risen several times, although BTC will fluctuate upward,
But we need to lower our expectations, go with the flow, and survive in the cracks and shocks.