06/07 Market Analysis

🐶Flow Analysis

Europe took the lead in cutting interest rates, which also gave the market a boost. It felt that the United States was also going to cut interest rates, so bulls were strong at 22-23:00.

But at 04:00, the U.S. stock market closed and the price began to drop. The fluctuations in the currency circle have intensified recently after the U.S. stock market closed, and the market has only corrected about 1,000 points, and the copycats have leaked, and the long positions can easily be liquidated to 86 million, so it can Know that "Too much now is still too much"

Where there is a lot of volume, it can easily become a supply of liquidity, but from an emotional point of view, short positions are relatively strong.

🐮Sentiment Analysis

From the perspective of funding rates, except for SOL, which is particularly strong, other currencies are bearish. It is speculated that the main reason is that the long positions have just been liquidated, so the interest rates are bearish.

Judging from the current market situation, the overall market is optimistic, but the outbreak is still the same small number of memes, which must be painful for most users.

Unless you are good at sniping memes, there is no sense of participation if there is no big pie. For me, I will now place a larger quota on "new coins that have not yet launched a staking mechanism" and "coins that will be listed on Upbit." "

Looking at the current market trends, which new currency does not have a staking mechanism? $w, which was not available yesterday, has also been released, and as soon as it was released, it was criticized. I speculate that the next one to cause trouble is $jto, but I mainly look for people with narrative potential.

😎Follow today

1. ETF performance continues to be strong, but#Arkannounced its withdrawal from the ETH ETF application. It seems that we still have to wait for BlackRock’s big brother

2. The non-farm payrolls and unemployment rate will be released at 20:30 today. Basically, the most important data are here. The probability of the data in the near future being "positive" is high. If it falls before the announcement, it is better evidence.

#山寨季何时到来? #5月非农数据即将公布 #StartInvestingInCrypto