Just tomorrow, 3 major events will affect the direction of BTC, beware of flash crash!
Brothers, BTC is trading sideways at a high level. The three most critical events this month are the three most critical events. Will the BTC upward trend end?
The first big thing: Tomorrow is the quarterly delivery day for options. 41% of BTC options and 46% of ETH options will expire and be delivered, with a value of over $15 billion, which may have an impact on the market. The biggest pain point of BTC is $50,000, which is the best point for short sellers. If you want to drop to $50,000, you need to use various means to make profits. The current price is $70,000, and it is difficult to reach $50,000. Therefore, there is no substantive negative, but there is an emotional negative. The delivery of options will cause many novices who do not know what is going on to panic and jump out of the market, leading to a crash. This possibility needs to be included Consider scope.
The second big thing: PCE data is released at 8:30 tomorrow night. PCE data will be released at 8:30 tomorrow night. If it is higher than expected, it will be negative. In conjunction with the CPI and employment data, if the PCE data is much higher than expected, it will mean that inflation is high, and the Fed is not suitable to cut interest rates too quickly, which is bad, and BTC may fall below $68,000. If it's higher than expected but not much, it's not a big problem. Little knowledge about Bit Eagle: PCE stands for Personal Consumption Expenditure. The Federal Reserve attaches great importance to this data. It uses PCE data to understand people’s consumption habits and whether there is any tightening. More importantly, PCE also contains the PCE price index, which can show people’s cost of food, clothing, housing and transportation. Whether it rises or falls, this plays a very big role in the Fed's control of inflation or employment.
The third major event: Powell’s speech
Federal Reserve Chairman Powell will deliver a speech at 11:30 tomorrow night. If we continue to insist on the view that interest rates will be cut three times this year, BTC will rise.
If your attitude changes, US stocks and BTC will plummet. At that time, you must leave the market in time. The situation is changeable, don't be fooled, the risks outweigh the opportunities. Appropriately reduce positions to resist risks, and the recommended position is 60-70%. Investment must be flexible, and you must learn to judge the direction of the wind and follow the trend. The only constant is change itself.
If today’s crypto prices fall sharply tomorrow, you can take advantage of the situation to buy the bottom.
Recommended passwords: $STX, $CHR, $ACH.
[STX] The leading coin in the BTC ecosystem will undergo a major upgrade in April.
[CHR] will be launched on the mainnet soon, and you can still get on board.
【ACH】Hong Kong concept + payment leader. #WIF #sui #SHIB #PDA #BTC
