Technical aspect: Bitcoin hit a high of 69500 on the daily level and then fell back to 67200. It closed at 68300 in the morning. The overall bullish trend was strong, but there was no strong rise. The focus of the day is 67100, which has been tested several times in the past few days. This position is also the middle track support of the daily Bollinger Band. The focus of the short-term is around 69500.
Ethereum hit a new high on May 27 and then fell back. It has been three consecutive declines and the trend is relatively weak. From the 4-hour line, the overall trend remains volatile and downward. Pay attention to the pressure around 3820 on the upper side and the support around 3660 on the lower side.
News: The key to the current market is the PCE data to be released at 8:30 tonight. The expected rate is 2.8%. If it is higher than expected, it will cause a sharp drop, and if it is lower than expected, it will cause a sharp rise. Every time, the market falls before the data is released, and rises after the data is released. Will this pattern repeat today? From the on-chain data, the BTC flowing into the exchange increased last night, and the stablecoin remained stable, with no signs of bottom-fishing inflows.
Looking at tonight's data, we have to see whether the bad news is a big bad news or a small bad news. If it is much higher than expected, it is a big bad news and we will have to significantly reduce our positions. If it is good news, we will continue to increase our positions!
Let's talk about Audi (ORDI): 21 million tokens are fully unlocked, the market value is only 800 million, and it is the leader of the inscription sector. It was issued in the stage of accumulating funds from bear to bull, and has not gone through a complete bull market, so the upward space is unimaginable! Technically, after nearly half a year of washing, the bubble has been cleaned up very cleanly, and the bottom is sideways to absorb funds. The chart shows a three-bottom pattern, and there may be a 30% pull-up in the short term!
In June, the sector rotation was a good start for the inscriptions. From the initial brc20 inscription track to the rune fission to the RGB technical innovation, all of them show the gradual improvement of the Bitcoin ecosystem. It is no exaggeration to say that one of the protagonists of this bull market is Bitcoin Deepening, especially for the inscription three fools, which are not easy to short. The price may rise several times like APT! #BTC #ORDI #DOG