Market Analysis 3.12
Friends who have experienced 312, first pay tribute to 312! The wheels are rolling, and we finally break through the encirclement!
Good afternoon, brothers. I have been doing research and analysis this morning, looking at various data.
To deduce the next market trend.
From the perspective of [on-chain data]
1. Increase in the proportion of giant whales (bad)
2. Exchange BTC inflow increases, with more than 20,000 BTC moving at the top (negative)
3. The stable currency did not increase within 24 hours (bad)
4. Increase in BTC stock (negative)
From a [macro] perspective
The CPI data will be released at 8:30 tonight. The next step of the Fed's policy will largely depend on this data released tonight.
The impact of CPI is greater this time because it is the last important economic data before the Federal Reserve's March 20 meeting.
But if the CPI data is higher than expected, then U.S. stocks will 100% plummet, and the currency circle will follow suit.
Because of the surge in energy prices in January, there is a greater chance that the CPI will be higher than expected.
In addition, the currency circle is trading sideways at high levels, so risks have surged.
It is recommended to reduce the position to 50%.
The overall trend is upward, but we have to guard against it tonight.
BNB and other strong currencies can continue to be held, and Metis remembers to take profit out of all of them.
But if the currency is weak, you need to reduce your position. If it falls, buying it back to increase the currency is not a loss.
If it rises sharply, it won't be short.
Especially those who make contracts should be cautious and watch out for pins.
