Analyst: Crypto market volatility will continue until the macroeconomic situation eases, and BTC's short-term decline is a positive in the long run
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Odaily Planet News: Later today, Federal Reserve Chairman Jerome Powell will deliver a speech on U.S. monetary policy sentiment. Powell's speech at the Chicago Economic Club and the expected U.S. March retail sales report on April 16 may provide investors with insights into the Federal Reserve's prospects. CoinPanel senior automated trading expert Kirill Kretov predicts that cryptocurrency market volatility will continue until the macroeconomic situation stabilizes. However, this analyst believes that market price fluctuations are not significant, as the current period is characterized by economic fragility and high overall risk aversion. These sudden fluctuations (up or down) are typically just noise, part of broader efforts to escape vulnerable groups. Currently, the issue is not about fundamentals or charts, but about sentiment and narrative control. Coin Bureau founder Puckrin suggests that the slight pullback in Bitcoin price may actually be beneficial in the long term. A short-term correction to the $81,000 support level would be a healthy signal, and as long as BTC price remains above this level, it implies continued price recovery - now we can only hope that Trump does not issue any earth-shattering statements. (The Block)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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