Bitcoin: Rebound or reversal? Market signals point to a strong future!
In the ocean of digital currencies, every fluctuation of Bitcoin affects the hearts of countless investors. Recently, the market seems to have brought us new signals - Bitcoin is heading for new heights!
Last Friday, the market immediately generated positive feedback after the release of macro data. Shockingly, the employment data was far below expectations. This figure not only reflects the weakness of the economy, but also reveals that the United States is quietly adjusting market expectations for the upcoming election and paving the way for future policy changes. All of this indicates that the liquidity of the market will increase significantly in the coming period. This is undoubtedly a great benefit for the digital currency market!
What is even more exciting is the re-inflow of the US Bitcoin ETF last Friday. This unprecedented phenomenon - Grayscale ETF has seen net inflows for the first time since its opening, and many ETFs have shown a net inflow trend across the board, which undoubtedly injected strong confidence into the market. The optimistic expectations of the capital market for future liquidity are precisely the firm optimism about the future trend of Bitcoin.
With the upcoming opening of the US stock market tomorrow night, this trend of capital inflows is expected to continue. Before new data expectations go bad, the market seems to intend to maintain its strong posture. After the rapid rise on Friday, Bitcoin has been able to withstand the market's selling pressure steadily in the past two days, which undoubtedly paints a positive blueprint for next week's trend.
From the monthly line, the decline in April is relatively small, and the monthly line in May is expected to completely wrap it up, which means that the bull market may continue. On the contrary, if it cannot be successfully wrapped, the market may usher in a period of volatile market conditions. However, from the perspective of the weekly line, the phenomenon of a large-volume single-needle bottoming out clearly tells us that the market demand is still strong and exceeds the supply.
Although the current market as a whole seems to lack a money-making effect, the continued rise of Bitcoin undoubtedly provides us with more opportunities. Before new hot spots and narratives emerge, hype MEME may still be the main theme of the market. On major chains, popular projects such as PEPE, FLOKI, WIF, and BONK are even more worthy of our attention.
To sum up, the future trend of Bitcoin seems to be clear. Whether from the K-line trend or the macro level, the market is pushing Bitcoin towards a higher goal. Therefore, investors can appropriately increase their risk appetite and seize this rare opportunity!
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