#内容挖矿＃CHZ
Although the price of BTC showed a phased decline on Monday, falling below $66,000, from the perspective of on-chain data, except for a slight increase in the turnover of short-term investors, other aspects still maintain the same trend as in the past, and No substantial changes occurred. As for the price of BTC, we may have to adapt to the trend of wide fluctuations for a long time.
Before there is any significant good or bad information (data), the view that a stock is bullish when it rises and bearish when it falls may not be accurate.
At present, it is not ETFs that can fundamentally influence the price of BTC, but the Fed's interest rate cut expectations and macro data for this expectation. The rest of the impact is relatively limited, except for black swan situations. If the economy has a black swan and causes a recession, then the US stock market will Both the financial market and the currency market will inevitably be implicated, and there is no possibility of being spared. However, there is indeed no key macro data this week, so it can be considered a holiday for everyone.
This week is a period of intensive speeches by Federal Reserve officials. In fact, it is not important what they say now. After all, it is quite clear in the just-concluded dot plot that one interest rate cut (1.5 times) in 2024 has been expected, and no more hawkishness is expected. But that's the case, and there's a holiday in the United States on Wednesday (Juneteenth).
Not much else. The turnover rate itself is extremely low, so it will naturally not have an impact on the current support position. The support between US$64,000 and US$69,000 is still strong, and there has been no large-scale selling behavior. If it were not for the following: Worried about the situation, it is very likely that this week will pass just like that.
What is worrying is that the stock of the exchange is not very friendly. It has been mentioned since the weekend that more than 7,000 BTC have been accumulated on the exchange over the weekend. Not only has there been no sign of being consumed, but it has accumulated more and more. At present, More than 10,000 BTC have been acquired, and these 10,000 BTC have basically not been digested from Friday to now. The focus depends on the purchasing power after four o'clock in the morning.
However, the current purchasing power is really too low. It can be seen from the data of spot ETFs that it is mainly emotions that play a role. After all, maintaining high interest rates means that the probability of the United States entering a recession is increasing, so we can only watch as we go.
