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Researcher at Greeks.live: Weekend rebound confirms market optimism, high probability that this correction has entered its final stage.
On March 25th, Adam, a researcher at Greeks.live, shared his outlook on the cryptocurrency market for the week on social media:
The focus this week will mainly be on the core PCE data on Friday. Powell's speech last week reiterated expectations of interest rate cuts, and if this Friday's data remains within expectations, it would temporarily lack negative impact on the cryptocurrency market from the Fed's interest rate policy. The overall rebound in the cryptocurrency market over the weekend also confirms market optimism, suggesting that the correction from BTC 73000 to 61000 has likely entered its final stage.
Bitcoin and the entire cryptocurrency market experienced a significant pullback over the past week. However, with the Fed turning dovish and a rebound in the overall cryptocurrency market led by Bitcoin, BTC is currently trading around 66500, reducing the risk of further decline. Dvol has also decreased further to 72.5, and with the expiration date approaching, Dvol is likely to decrease further.
In terms of the cryptocurrency lending market, Bitfinex spot traders are increasing leverage, and the green leaf lending market is becoming active again. |
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