BTC market deduction:
1) Due to the rising unemployment rate in the United States, the Fed's interest rate cut is likely to be brought forward to September;
2) ETF institutions all had net inflows on Thursday, and Grayscale also bought 65 million;
3) The general retail investors were bearish to 520 a few days ago. The market is often contrary to the public's expectations. Either it falls below 520, or 566 is the bottom;
Based on the above analysis, the probability of BTC bottoming out near 566 is high. After rebounding to 6545, it is possible to bottom out again at 610 or 590. Patiently wait for BTC to directly V up and reverse. The probability of starting an upward trend is low. Generally, there will be a second bottoming out. Only after consolidating the bottom can it rise more healthily. According to the point of the Fibonacci descending channel, the rebound high point may be around 65450.
According to the prediction of the Fibonacci trend time, if BTC rebounds to around 65450 and then bottoms out again, the time node of the change may occur on May 9. If you want to short, please wait patiently
Click on the avatar to follow me, the top 5 of Binance Copy Square, can be verified at any time. The contract is safe, look at the point, share it for free, you can also give the point every day, the winning rate is more than 90%$BNB
1) Due to the rising unemployment rate in the United States, the Fed's interest rate cut is likely to be brought forward to September;
2) ETF institutions all had net inflows on Thursday, and Grayscale also bought 65 million;
3) The general retail investors were bearish to 520 a few days ago. The market is often contrary to the public's expectations. Either it falls below 520, or 566 is the bottom;
Based on the above analysis, the probability of BTC bottoming out near 566 is high. After rebounding to 6545, it is possible to bottom out again at 610 or 590. Patiently wait for BTC to directly V up and reverse. The probability of starting an upward trend is low. Generally, there will be a second bottoming out. Only after consolidating the bottom can it rise more healthily. According to the point of the Fibonacci descending channel, the rebound high point may be around 65450.
According to the prediction of the Fibonacci trend time, if BTC rebounds to around 65450 and then bottoms out again, the time node of the change may occur on May 9. If you want to short, please wait patiently
Click on the avatar to follow me, the top 5 of Binance Copy Square, can be verified at any time. The contract is safe, look at the point, share it for free, you can also give the point every day, the winning rate is more than 90%$BNB