ChenJiaguanA

Tonight at 8:30 PM US March CPI
This set of expected data has an extremely large discrepancy
It is destined to be a squeeze-and-slaughter market where both bulls and bears explode
Nominal CPI expectations soar to 3.3%( from the prior value of 2.4%)
Core CPI expectations tick up slightly to 2.7%
This wave of inflation surge is all thanks to the Middle East war and oil prices
Core inflation has not gone out of control
But rising inflation will trigger panic
Delaying interest rate cut expectations
US stocks are likely to come under pressure and sell off hard at the open
BTC wi

BTC
After sweeping the 72K high point
We see a group of low-leverage traders gathering below
If we fall back below 70K
It’s very likely we will enter the CME gap
Clearing out some of these positions through liquidations (Chen Jiaguan)

ETH is slightly weaker
Last night, the price hovered around 2200
The lowest reached 2162
It's clear that apart from BTC, all other cryptocurrencies are weak
When it rises, it rises; when it falls, altcoins fall the fastest
ETH is now at 2180; if it can recover back to 2200 and stabilize
We can continue to watch for a rebound to 2280
If it can't hold, look for support at 2080 (Chen Jiaguan)