I can finally finish my homework earlier. The situation today was already mentioned in yesterday's assignment, and I can't do anything without looking at it. Yesterday, I provided a detailed explanation of the risk aversion situation for American investors, stating that the core PCE may exceed expectations, and in fact, this is also the case. Of course, what caused the market to fall today was not only the data from the core PCE, but also the exaggerated inflation expectations of the University of Michigan. It's already too late to say anything now. I spent a lot of time and energy explaining the conditions for the reversal to my friends, but now it doesn't meet the requirements. And in April, the difficulty will skyrocket. The tariffs that will be implemented on April 2nd and the GDP in the middle of the month will double the headache for the market. Tariffs can be said to be the biggest factor affecting the market at present. It's useless to say too much, just hope that tariffs are a one-time deal no matter what. A few days ago during dinner, a friend asked if the expectation of interest rate cuts in the fourth quarter could boost the market. My answer was that 100000 to 150000 yuan is an increase, and 50000 to 80000 yuan is also an increase. Even if it rises, it is just a result. The data of Bitcoin is better than I imagined. Although the price has fallen, I have not seen any panic among users on the chain. This wave of selling should be due to the reduction of holdings by the exchange's own users. I looked at the stock data of the exchange and indeed found that the BTC stock in Coinbase is decreasing, while the BTC stock in Binance is increasing. This represents that more investors are preparing to sell their BTC on Binance, while Coinbase users are buying in larger quantities, perfectly interpreting the habit of an exchange user to sell in a falling market and an exchange user to buy in a falling market. Of course, there is no right or wrong. You are responsible for your own position. It seems that investors on the chain have gradually become desensitized to data on tariffs and inflation. If this is really the case, it is also a good thing. At least they can know that if there are not very large negative data, The price stability of BTC should be quite high, maintaining a wide range of fluctuations, and the trading volume is indeed not high. Let's take a look. But it must be remembered that every rise is a rebound, and although the height of the rebound is different, the result after the rebound is probably the same. Investors between $93000 and $98000 are quite stable, with daily departures of around 10000 BTC. This amount is not significant for a concentrated area of concentrated chips, and as long as these chips do not experience panic style departures, it is not a big problem. The trend of bottoming out between $83000 and $85000 has already begun, but it is uncertain whether it will smoothly become a moat. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex