BitEagle Accurate Market Analysis 2.29 @Everyone

Good morning, brothers, BTC has risen directly from $50,000 to $63,000.

Judging from the RMB exchange rate, it has broken the previous high.

This huge surge mainly comes from the inflow of ETF funds mentioned in our every market analysis.

Yesterday, there was a net inflow of $520 million to buy BTC.

After the approval of the Bitcoin spot ETF, several ETFs net purchased more than 110,000 BTC, with positions as high as 38 billion.

As BTC skyrockets, risks surge.

It can be seen that other currencies have not surged in conjunction, and even STX, which is most closely related to BTC, has begun to pull back.

It shows that there is insufficient funds in the market. On the one hand, it is sucked by BTC, and on the other hand, it is panicked that BTC will plummet.

Yesterday, more than 8,000 BTC were deposited into the exchange. These are all negative forces.

PCE data will be released at 9:30 tonight. If it is higher than expected, it will be negative.

So don't stud now, keep some funds as backup, 6-7 levels of positions.

But don’t go short, ETH’s Cancun upgrade is imminent, and the ETH ecosystem and Layer 2 related currencies will continue to rise.

Therefore, in the near future, I mainly hold ETH and Layer 2 related currencies.

If you have BTC in your hands, don’t get out of the car and continue to hold it patiently.

After finally getting on the BTC train, you are sure to get it.

A brother asked that most of the positions are BTC and ETH.

Is the copycat season coming? Do you want to buy a copycat?

Whether FIL can still be held, and whether WLD can still be held.

A full answer will be given in the BitEagle live broadcast room at 8:00 tonight. See you there. #BTC #ETFbitcoin