BitEagle 🩅5.29 Accurate Market Analysis @Everyone

Good morning, brothers. The black swan in Mentougou hit yesterday,

causing a big correction.

Although the market is weak, there is a vague force that can hold up the support level of $68,000.

From the on-chain data,

stablecoins have flowed out of the exchange a lot, and the frequency of BTC flowing into the exchange has increased.

The stock of BTC in the exchange has flowed out significantly,

and I don’t know if it is a smokescreen released by the dog dealer.

Yesterday, the inflow of ETF funds slowed down, and Grayscale continued to ship 100 million US dollars.

BTC’s strong pressure is $70,000, and a large number of locked-in orders have accumulated above.

As long as it reaches this position, it will be easily smashed down.

Before the release of the US April PCE data on Friday night,

big funds dare not act rashly.

Don't be scared by the dog dealers and go short at the moment.

Recommend 60% position

Coins you can buy:

FTM: public chain to be updated

CHR: mainnet to be launched

STX, AR: low price, callback in place

Take half of the ACH recommended yesterday and hold the rest for the long term

It is recommended to hold about 10% of each coin, diversify investment, don't go all in on one coin

ETH needs to be long-term, don't get off

Otherwise, it is easy to be trapped and cause panic selling at the bottom

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