Market Analysis 6.5
Brothers, as BTC surged, I took profits on several coins.
There are traces for this surge, and the group has interpreted it every time.
The PCE data released on May 31 was lower than expected, which is a positive.
The PMI data released on June 3 was lower than expected, which is also a positive.
The two major data confirmed that the US economy is cooling down.
Therefore, large funds bet that the non-agricultural data on Friday will also cool down, and the Fed will cut interest rates ahead of schedule.
Yesterday, ETF inflows hit a record high, exceeding 600 million US dollars, and purchased more than 8,500 BTC.
Therefore, BTC surged.
But at present, the funds in the currency circle are short of money, and the pull depends entirely on large institutions.
But large institutions only buy spot ETFs.
Therefore, the cottage basically does not rise much.
This can be seen from the on-chain data.
The stablecoins in the exchange have been flowing out during this period.
The market has soared, but there is an implicit crisis.
The ceasefire in Gaza has collapsed again, and Hamas and Israel have rejected Biden at the same time.
Poland has arrested 18 people on charges of planning sabotage activities on behalf of Russia.
It is recommended to hold an overall position of 50% now.
After the release of non-agricultural data on Friday, choose whether to increase the position.
It is recommended to hold value coins:
AR, FTM, CHR
ETH, SSV, CHZ
Remember:
There is a lack of funds in the market, and the funds are all in BTC. The cottage is very fragile
