Analyst: The volatility of the cryptocurrency market will continue until the macroeconomic situation eases, and BTC's long-term decline is considered positive

Odaily Planet Daily News: Later today, Federal Reserve Chairman Jerome Powell will give a speech on the sentiment of US monetary policy. Powell's speech at the Chicago Economic Club and the expected release of the US March retail sales report on April 16th may give investors some insight into the outlook for the Federal Reserve. CoinPanel's senior automated trading expert Kirill Kretov predicts that volatility in the cryptocurrency market will continue until macroeconomic conditions ease, but this analyst believes that market price volatility is not important and is currently in a period of economic fragility and overall risk aversion. These sudden fluctuations (rises or falls) are usually just noise and part of broader measures aimed at freeing vulnerable groups. Now, the problem lies not in fundamentals or charts, but in emotional and narrative control. Coin Bureau founder Puckrin stated that a slight drop in Bitcoin prices may actually be beneficial. A short-term pullback to the support level of $81000 would be a healthy signal, as long as the BTC price remains above this level, it means the price will continue to rise. We can only pray that Trump will not make any earth shattering statements again. （The Block）