13/04 Market Analysis
CPI is one of the indicators to judge inflation. Last night, the U.S. quarterly CPI rose 8.5% year-over-year at the end of March, a new high since December 1981, higher than the expected 8.4% and the previous value was 7.9%; the monthly rate of CPI recorded 1.2% in March, a new high since October 2005, in line with expectations; the monthly rate of U.S. core CPI recorded 0.3% in March, a renewed A new low since September 2021. So far at least six Wall Street banks said the U.S. March quarterly CPI is the peak of this wave of inflation, after the data was released, the Fed swap trading showed that traders abated the rate hike expected in 2022, spot gold rose above $ 1970. According to the data, many people did not think through why the U.S. stocks did not fall much, but also signs of rising? In fact, we all ignore the core CPI data, the so-called core CPI is the data after excluding energy and food, so different positions look at different data, if you take these two categories out, you will find that the growth of used cars, housing, health care, etc. is lower than expected, so it is a good sign, which is the reason why the market rose last night.
On the other hand, last night the Federal Reserve Governor Reynolds Fed may make a decision to taper in May at the earliest, starting in June, the entire policy contraction process, the balance sheet contraction may be equivalent to adding two to three interest rate hikes. So it led to the market out of the second half of the night out of the repeated market.
BTC: The price of BTC has fallen again recently, and in its Week-On Chain report released on Monday, April 11, Glassnode analyzed the number of profitable bitcoin wallets and found that about 70 to 75 percent of addresses saw unrealized profits, well above the 45 to 50 percent of addresses during the 2018 bear market. While the majority of addresses and transactions are profitable, overall the number of users on the Bitcoin network, and subsequently the volume of transactions, continues to be “weak”. Therefore, the rest of the market will be dominated by shocks and fixes.
Yesterday’s article to everyone stressed the big negative line of one-half of the pressure of $40850, is to decide whether the market can come out of the reversal of the key, yesterday the highest $40700 after falling back again, it can be seen that the pressure range or the focus of this week.
ETH: Ether is stronger than the BTC, and yesterday also stressed that the pressure is the same as the big negative 1 in 2, 3080 U.S. dollars, and last night the highest reached 3088 U.S. dollars, today during the day again on the pressure level, but we need to pay attention to whether this position can break through to stand firm, once the breakthrough, will quickly repair the pre-decline market, the same, a drum and then decline three and exhausted, continuous test does not come out of a wave of low down. The test did not break through the pressure, but also to prevent the market again out of a wave of low down.
SOL: SOL will still look at the face of the leader ETH in the short term, but in the last two days it has almost repaired the down market and is more stable, and due to the fundamentals and strong banker, long-term SOL is still a public chain project worth investing in. 110 USD is the key point, once it stabilizes, you can focus on its opportunities.
FLOW: FLOW recent volume also did not enlarge the trend, but has been in the beginning of the bottoming momentum, medium and long-term view FLOW is still seriously undervalued, behind many good should be landed, so the long-term or worthy of attention, you can pay attention to the buying opportunities behind.
NEAR: is an independent PoS public chain, has its own consensus mechanism, native token format, NEAR can be seen as a competitor to Ether. The later development space is also relatively large, we have this coin from March to do more than the beginning to now is already 100% gain, but also continue to hold to rise, the middle will occasionally do the next swing, such as April 10 to remind people to do short, as well as the two days in the plate with the buy of friends prompted to buy up, have earned a wave of difference, so the specific operation you can continue to pay attention to the follow-up notice.
BNX: This is a decentralized derivative contract based on Coinan smart chain and Ether, and there is also more room for development. We have bought from the breakthrough of $44 pressure platform and have gained about 240% since then, although there is a recent adjustment, but it is worthwhile for us to continue to hold in the medium term, and there will be potential to break through $120 again.