From the following five aspects, BTC is expected to return to $70,000
1. ETF has a net inflow of about 1 billion US dollars for 5 consecutive days, 700 million US dollars in three days
2. There are not many BTCs flowing into the exchange, only more than 2,000, and the general trend in recent days is outflow
3. CME plans to launch spot Bitcoin, which marks the further advancement of major Wall Street institutions in cryptocurrencies, which is good for BTC
4. This year is destined to cut interest rates, and the expectation of interest rate cuts will be hyped before the real interest rate cut comes. If the interest rate cut is in September, once it is announced, it is very likely that the good news will be implemented and then adjusted. Brothers in the car are currently advised to hold patiently to avoid missing out.
5. Except for the CPI that was lower than expected last month, the non-farm data are all good for BTC. The US household debt reached a record level in the first quarter, indicating that many Americans are in debt and have difficulty repaying it. #btc
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