Guigu Research Institute 6.29 Accurate Market Analysis

Good morning, brothers, let's review yesterday's analysis conclusions:

"If Mentougou really pays, we must be prepared.

There is a probability of more than 70% falling below $60,000.

Now many people recharge BTC to Binance,

and wait for bad news to crash and run away, so the selling pressure is large.

So you have to keep a lot of bullets and wait for the bottom to fall."

After the PCE data was released yesterday, it was in line with expectations, showing that inflation is still high.

But it is lower than the previous value, a three-year low, which is a hope for the long-term future.

Spot ETF funds outflow, mainly Grayscale and Fidelity have issued a lot of coins.

The on-chain data is not optimistic, or the continuation of the situation a few days ago:

Stablecoin outflow, the current stablecoin in the exchange has dropped to the low value of February (4 months ago)

That is to say, we have been speculating on coins for 4 months, and the market funds have not increased

BTC continues to flow into exchanges, mainly into Binance

Why is the market so weak? The core reason is still Mentougou

The cryptocurrency circle will not be at peace until Mentougou is resolved

Rest more during this period and pay more attention to the fundamentals and dynamics of value coins

Keep some bullets and wait for the Mentougou incident to be resolved in July before buying the bottom

May is poor, June is desperate, and July is turning around