Market Analysis 5.17
Good morning, brothers. How can we make money today? What are the opportunities?
Should we continue to hold or run first? Let’s analyze it.
First, let’s look at the on-chain data. The data will not be faked.
All traces of dog dealers can be seen clearly.
From yesterday to today:
(1) Stablecoins continue to flow into exchanges, funds are still flowing in, and the trend has not changed. This is a good sign.
(2) BTC continues to flow out of exchanges. From the day before yesterday to now, more than 20,000 BTC have flowed out of exchanges. This is a good sign.
BTC has pulled back, but many altcoins have not followed the decline.
CHR is also relatively strong.
AR has successfully broken through $45, and the next target is $50.
Once the trend reverses and forms, it will not last only 24 hours.
The current trend is:
BTC has experienced a 45-day decline and correction.
Various economic data show that inflation is falling.
BTC has started a new round of upward trend.
Facing the big trend, we must hold for the long term.
If we keep staring at the short-term melons and two dates all day, we will miss the big meat.
The new stage will surely be a sea of stars.