Israel is wavering between attack and negotiation, triggering a battle between long and short positions in Bitcoin
1. Yesterday, the Israeli cabinet passed the decision to attack Rafah. The news came out. $BTC fell from 65,000 in an instant. At present, it has stopped falling near 63,000 and has not fallen below the downward trend line. It continues to be bullish after the correction. From the K-line indicator, the 1-hour and 4-hour have been adjusted to an upward trend again, and the 12-hour 1-day line level indicator shows that it is still bullish.
2. As of 4 a.m., the U.S. stock market closed, the U.S. Bitcoin ETF had a net inflow of US$84.55 million, of which IBIT under BlackRock had a net inflow of US$65.54 million. Grayscale officially disclosed: GBTC holdings as of May 6 increased by about 978 bitcoins compared with last Friday
3. CFTC Chairman: It is expected that U.S. regulators will continue to crack down on more cryptocurrency companies to protect investors from potential fraud and manipulation. He expects the next round of "enforcement action cycle" to occur in the next six months to two years.
