BitEagle 🦅6.30 Accurate Market Analysis @Everyone
Good morning, brothers, yesterday was Saturday, and ETF trading was suspended.
Let's look at the on-chain data first:
(1) Stablecoins have rebounded a little
(2) BTC inflows into exchanges have slowed down, but are still at high levels
Current support levels: $60,000, $58,400
Resistance level: $63,000
Powell will give a speech next Tuesday
The US ADP employment figures for June will be released at 20:15 on Wednesday
The US non-farm payrolls for June will be released at 20:30 on Friday
The last data released was 275,000, much higher than the expected 200,000, which caused BTC to plummet
This time it should return to normal, not so exaggerated
In fact, the Fed's policy is not very important for the recent impact on the cryptocurrency market
The most urgent task is the Mentougou incident. BTC worth $9 billion is no joke
Even if only 1/3 flows into the market, there is still a scale of $3 billion,
enough for ETF net buying funds to inflow for more than a month to offset
Mentougou will have to release the results before July 10th, and it's about to come true
Don’t buy the dip in the next few days, wait a few more days, unless you are short
We need to prevent BTC from falling below $59,000
If it falls below, don’t sell the spot, and continue to buy the dip
Optional currencies: STX, FTM, CHR, ETH, Uni, etc. $BTC $ETH $BNB #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #Mt.Gox将启动偿还计划