Market Analysis 10.9
Good morning, brothers. From October 4th to today, BTC from exchanges has continued to flow out. In particular, Binance has flowed out about 7,000.
In terms of ETF, $230 million flowed in on the 7th, and more than $50 million flowed out yesterday.
Overall, there has been a net inflow in the past few days.
The cost of BTC has further increased.
We look at the weekly K-line of BTC and find that the 54-week moving average is gradually approaching the price, which is currently $55,000.
This means that most people who bought BTC in the past year cost $55,000 and currently only made a profit of %12.
Combined with the macro-economy, most countries in the world, including China, have gradually started a new round of quantitative easing policies.
So this is a new bull market.
Part of the funds of A-shares will eventually enter the currency circle.
The most worrying thing at present is the conflict between Israel and Iran.
Israel is still planning to bomb Iran's oil facilities these days.
It gradually ignores the warnings of the United States.
It seems that there will be another round of conflict this week or next week.
BTC may have a small drop due to this marketing.
After this negative news is released,
we can use the remaining bullets to find opportunities to continue to buy at the bottom
