Let's look at the layout of the dog dealer from the on-chain data:

1. The BTC flowing into the exchange has greatly decreased in the past two days, which is good for the currency circle.

2. The stablecoins flowing into the exchange have increased in the past two days, but there has been no change from yesterday to today, which is good for sufficient funds.

If there is no black swan event such as war next week, it is still bullish.

Next week, the main focus will be on Friday night at 8:30

The US core PCE for April was released, which was higher than expected, which was bearish. If it was lower than expected, it would be awesome, and BTC is expected to challenge the previous high!

The US election will start in November. In order to win votes, Trump is still quite crazy. He said that he will support the self-custody rights of 50 million cryptocurrency holders across the United States, and will make congressmen who oppose cryptocurrency get out. This is a big benefit for the currency circle.