Market Analysis 3.14

Good morning, brothers, BTC is trading sideways at a high level, will it plummet?

The CPI announced the day before yesterday was higher than expected, which could not stop the market's hot mood.

There are not many changes in the data on the chain. It mainly depends on the macro data.

Two important data will be released at 8:30 tonight, retail sales monthly rate and unemployment benefits.

Higher-than-expected monthly retail sales rates are negative, while higher-than-expected unemployment benefits are positive.

It will bring fluctuations to the market. If there is too much deviation from expectations, it will be negative.

Then the impact of higher-than-expected CPI will lead to high inflation, so it is still a bit risky!

If it is not much different from expectation,

Then the currency circle will continue to play music and dance.

In terms of BTC spot ETF funds, for example,

As we said on Saturday, the target price of $73,000 is already in place,

If there are positive inflows in the past few days, BTC will rise to $75,000.

However, the risk of BTC rising is higher, especially as altcoins are prone to shrinkage.

Therefore, make a good profit-taking plan and gradually stop profits. The five-level position is almost there.