Late dinner: Analysis of the reasons for the decline of the market

If you invest in the cryptocurrency circle and don't even know these news, just quit the circle.

1. The flow of Mentougou coins

More than 8,000 BTC worth $500 million were withdrawn from the Mentougou wallet to an unknown address. Hong Kong expects to pay billions of BTC before October this year, and market pressure will increase. 2. The impact of locked-in disks

There are a large number of locked-in disks above $70,000. The rebound after panic selling has caused the locked-in disks to rush to ship. Unless there is a super positive stimulus, it will be difficult to break through the $70,000 level.

3. Market wait-and-see before the release of US PCE data

The US April PCE data will be released on Friday night.

Before that, large funds remain cautious, the market is likely to fluctuate, and the possibility of a decline is relatively high.

Market observation

●The overall market fell from a high this week, but there will be no waterfall-like decline.

●The Meme sector is still a hot spot for speculation in this round of market, which is worth paying attention to.

●With the start of the election, some meme projects may become the focus. Welcome to share your observations in the comment area.

#5月市场关键事件 #btc #ETH #PEPE #MEME

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