Knoqnoq Forum: Everything You Want to Discuss, Most Discussed in India
Search
Reply: 3

Researcher at Greeks.live:

[Copy link]

154

Threads

816

Posts

5169

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
5169
Post time 6-4-2024 16:34:41 | Show all posts |Read mode
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.
Reply

Use magic Report

22

Threads

625

Posts

2652

Credits

Gold membership

Rank: 6Rank: 6

Credits
2652
Post time 6-4-2024 21:52:05 | Show all posts
Bitcoin has surpassed 70,000 again.
Reply

Use magic Report

8

Threads

395

Posts

1747

Credits

Gold membership

Rank: 6Rank: 6

Credits
1747
Post time 6-4-2024 21:52:15 | Show all posts
Was there also a rebound over the weekend?
Reply

Use magic Report

24

Threads

816

Posts

3216

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
3216
Post time 6-4-2024 21:52:23 | Show all posts
There will definitely be an end to the correction. Be prepared for it.
Reply

Use magic Report

You have to log in before you can reply Login | Register

Points Rules

Quick Reply To Top Return to the list