Hello, fans and friends, welcome to the president's channel
Yesterday's market weakened again. The price of the big cake has been repeatedly pulled and has been in a tormenting market. As of the time before the president published the article, the price of the big cake was still hovering around 60,800. So what should the big cake do next? Straight up? Or continue to consolidate? The president's opinion is to continue to consolidate. Use time to wear out people's patience. Because this bull market is very different from the previous bull market. At present, there are not many bad factors in this bull market to cooperate with the wash. At the same time, the wash of mainstream coins is not as crazy as before. Some are just sideways, and they are constantly sideways. In the past bull market, empty space was used to wash the plate and drive people off the car, while this bull market used time to exchange space for repeated pulling and washing to drive people off the car. Brothers, the general direction of this period of time must be repeated sideways pulling. The follow-up is also inevitable V-shaped reversal, but this will never be the last wash. The subsequent wash will only be more repeated torture. Brothers, hold on to the spot! The contract must have a good stop profit and stop loss! Open a position with caution!
Now the president will take the brothers to look at the relatively valuable information from yesterday and today
According to data, on June 28, Fidelity FBTC had a net outflow of $25 million and GBTC had a net outflow of $27.2 million. Update, ARKB had a net inflow of $42.8 million. Update, IBIT had a net inflow of $82.4 million. Based on current data, the US spot Bitcoin ETF had a net inflow of $73 million yesterday. At present, the president has seen that ETFs have been in a state of net inflow in the past few days! Will there be more or less inflows next? At the same time, Friday's PCE data was in line with expectations, which was a relief, and the Fed certainly welcomed this situation. However, the policy path is uncertain. Further deceleration of inflation, coupled with more evidence of a weakening job market, will pave the way for the first rate cut in September. The US rate cut in September is about to begin! It's just a matter of time before the rate cut comes. So what happens after the rate cut? What will happen to the big cake next?
Another piece of news that is worth the brothers' attention is that Bloomberg ETF analysts posted on the platform, "It looks like we will have to postpone the expected listing time of the spot Ethereum ETF until after the holidays. I heard that the SEC spent more time responding to people this week (although it was only some very minor adjustments), and from what I heard, next week will be relatively idle due to the holidays. The approval process will resume on July 8, and then they will start soon." In the president's view, the current situation is that all the bad news has been released and all the good news is coming. In the president's view, the subsequent rebound of Ethereum is inevitable. Brothers just need to wait quietly.
Regarding contracts: The president’s advice is still to wait a little longer, and buy again after the price drops a little more. Go long at low levels in the long term, and don’t make orders blindly in the short term. The precise position will be given in the community later.
In terms of altcoins: Brothers can consider ambush in the AI sector, meme coins, RWA track, and try not to touch the contracts of altcoins. Spots must also be equipped with stop losses. Pepe is currently making frequent moves. Brothers can consider buying some Pepe coins appropriately, and don't be too greedy, don't think about eating a fat man in one bite.
