CPI data may trigger a big market, and the opportunity to buy at the bottom is imminent! The ultimat

Good morning, everyone. The current market situation is very clear. In essence, it is a cycle between a sharp drop and a rebound and a sharp drop in economic data. There was a sharp drop before the release of economic data, and then BTC rebounded strongly after the sharp drop.

After BTC rebounded strongly, the expectation of economic data release came again. It started to fall sharply again. The rebound after a sharp drop shows that the buying power at the support level is still good. Economic data and speeches by Fed officials will lead to a fall.

This shows that the market is pessimistic about the interest rate cuts. Last night, Fed voting member Bostic said that he still expects one interest rate cut this year, but does not rule out zero or two. What about the three interest rate cuts? Once again, the expectation of interest rate cuts has been brought to a freezing point.

Now the point!

If the market falls sharply after the data is released at 8:30 tonight, you can choose to buy at the bottom. The extreme pessimism is the release of negative news. If the CPI data is good (the probability is only 30%), there will be a big rise.

Another factor in yesterday's decline was that more than 10,000 BTC flowed into the exchange. It will take at least two days to digest the highs again. The bull market has lasted for 5 months, and many coins have increased several times. Although BTC will fluctuate upward, we must lower our expectations, follow the trend, survive in the cracks and fluctuations, and seek the next outbreak point.

It is worth mentioning that Bitcoin may still need a big correction before it can be healthier, so just add to your position when the price drops.

It is expected that the low point of Bitcoin today will occur before the release of CPI data in the afternoon. The release of CPI data will lead to a rise. Then it will go sideways until the interest rate meeting or Bitcoin halving. Then the market will rise across the board, and Ethereum and altcoins will also start to rise.

Should I reduce my spot position before the halving? Will there be a big correction?

There is no need to reduce the spot position. If you have the money, you can increase your position in batches every time it falls back. This round of market is different from the past. Bitcoin ETFs are blooming all over the world. Currently, only Grayscale is shipping. The amplitude of Bitcoin's callback is getting smaller and smaller, and the bottom is getting higher and higher. It is easy to get off the bus but difficult to get on the bus. Those who waited for the 3.12 crash have missed this bull market, unless you want to follow in their footsteps.

There are still about 10 days before the Bitcoin halving. Here are some thoughts:1. After the Bitcoin halving, the market will enter the mid-term outbreak period, and each sector will usher in another outbreak2. After Bitcoin is halved, K-worker rewards will be reduced by half. There is a high probability that the on-chain revenue will be increased by hyping up inscriptions, and inscriptions may usher in an explosion3. Merlin staking is about to end, and the token will be launched, which will trigger a wave of Bitcoin Layer 2 enthusiasm

What are the altcoins worth investing in at the moment?

SSV

Under the logic of POS, SSV can effectively prevent ETH from being defined as securities by SEC. At the same time, SSV has a small circulation, low market value, and no locked-in shares. Therefore, unless ETH returns to POW, the trend of SSV is positively correlated with ETH, and it will definitely outperform ETH in terms of trend. If you are optimistic about ETH, please buy SVV. Even in the case of the proliferation of layer1layer2layer3…layern, SVV is still a powerful token for the pledge track.

SUN

The Solana blockchain has witnessed tremendous growth in recent years. The blockchain already has many partners, which has increased the popularity of the ecosystem. Meanwhile, the price of Solana (SOL) is expected to establish support above the $200 mark. According to market statistics, while Solana previously reached the $200 mark in March, it subsequently saw a significant retracement, causing the token to trade below the $190 mark.

However, Solana’s price is trending upwards, growing by more than 42% in the last month. Currently, Solana is only 29% away from reaching its all-time peak. On its current trajectory, Solana’s price could reach the $300 price point in April. With many tokens in the ecosystem gaining mass adoption, analysts believe that the SOL token price will reach $500 by 2024.

3.SUI

The SUI target for this bull market is conservatively estimated to be $20. SUI has tested the 1.87 position for the fourth time since the day before yesterday. A conference was held in Paris on April 10, and a16z, Visa, and VanEck were invited to the conference.

And Red Bull, including, world-renowned companies as guest speakers price will definitely show!

1. Sui’s first global conference, “Sui Basecamp,” is scheduled for April 10-11.

2. The speaker lineup includes global companies such as a16z, Visa, VanEck, and Red Bull.

3. Similar to Aptos, there are rumors that Sui may announce a major catalyst during the conference.

It is recommended to buy at the current price. It is normal to have a pullback at present, don't be afraid. Many coins dare not rise until Bitcoin stabilizes at 70,000. It doesn't matter, time will prove everything.

There is an international conference tomorrow so I won’t talk about it anymore. The bold ones are the ones that eat everything. The timid ones will starve to death and the bold ones will die of overeating.

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