Shocking option delivery, major data releases, and shocking market trends. How to deal with this?
The first calamity: Massive BTC options delivery Today is the quarterly options delivery day. 41% of BTC options and 46% of ETH options will expire for delivery, worth $15 billion, which may have an impact on the market. The best point for short sellers is $51,000, and now BTC has reached $70,000. It is too difficult to get back to the 50,000 point, and there is no substantial disadvantage.
Second calamity: PCE data release PCE data will be released at 8:30 tonight. The expectation is 2.8%. If it is too much higher than expected, it will be negative. Combined with last month's CPI (Consumer Price Index) exceeding expectations, if the PCE (Personal Consumption Expenditure Index) data at this time far exceeds expectations,
The third calamity: Powell’s speech
This shows that the economy is facing higher inflation, people's consumption expenditure exceeds market expectations, and the value of currency has further declined. If interest rates are cut at this time, it will easily fuel inflation, so it is not suitable to cut interest rates too quickly. If the PCE data is higher than expected, but not by much, it will have little impact on the market.
Federal Reserve Chairman Powell will deliver a speech at 11:30 tonight. Focus on the signal sent by Powell: whether to stick to the stance of three interest rate cuts. Powell still insists that there will be a sharp rise. If the attitude changes, US stocks and BTC will usher in a wave of earthquakes. Although there are three major catastrophes, there are two good news today, and there is an opportunity in the crisis.
two pieces of good news
1 Judging from the data, the stock was 1.98 million yesterday and nearly 1.96 million today. A large amount of BTC has flowed out. It seems that many giant whales are stocking up, which is good news.
2. Spot ETF funds had a net inflow of $179 million, and Grayscale GBTC outflows decreased by 50%. Starting from the 25th, Grayscale's daily outflow of funds has gradually slowed down. Yesterday, the outflow of funds directly decreased by 50%, indicating that there are fewer people selling, and more people want to wait and wait for a higher price before selling, which is good.
Current response plan: reduce leverage, position 70%. If BTC successfully overcomes the tribulation, brothers will not be short-lived. If there is a big drop today, brothers, remember to save your bullets to buy the bottom.
If there is a big drop today, you can buy the bottom: AR, CHR, STX. [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. Also remember to keep an eye on BNB, which may break through $650.Only if you can hold on to what you have and see far enough, can you encounter wealth.
