Market Analysis 7.9

Good morning, brothers. The market is so volatile.

Yesterday morning, the market hit the bottom and many brothers lost hope.

As a result, it rebounded immediately and many brothers shouted that the market was bullish again.

At 10 o'clock in the evening, it began to fall sharply and is now stable at $57,000.

There has been no news about Mentougou in the past few days, and it is still planning the next wave of compensation.

But the German government has become active, transferring money everywhere to try to sell coins, fearing that the world will not be in chaos.

The German government address currently holds 27,461 bitcoins, equivalent to about $1.56 billion.

The BTC held by the German government accounts for 20% of Mentougou.

In this round of sharp decline, Mentougou paid a total of less than 3,000 BTC,

but the German government actually sold coins.

The good news is that the inflow of ETF funds is obvious.

The inflow of $140 million the day before yesterday and the inflow of more than $100 million yesterday (not counted by BlackRock).

Powell will give a speech tonight and tomorrow night at 10:00, and CPI data will be released at 8:30 the day after tomorrow.

What we need to do now is to hold the coins and be patient,

avoid being broken by panic,

hold on for a while, and there will be a turnaround

It is recommended to hold the following tokens:

Chr, Stx, FTM, Zk

ETH and its three swordsmen Uni, Ens, Ssv

Japanese Ethereum Astr, Korean Ethereum Klay

Keep the bullet to cover the position, beware of falling to $54,000 again

#BTC #美联储何时降息？ $BTC