In May, there were so many news that it was dazzling. Here is the impact of some news in May on the market summarized by Afeng
News:
1. US PCE price index, positive, two stars
2. The United States allows Ukraine to use US weapons to attack Russia, negative, two stars
3. Coinbase accuses the US SEC, negative, one star
4. Japanese cryptocurrency exchange was stolen, the amount was as high as 305 million US dollars, negative, four stars
The theft rate of Japanese and Korean crypto exchanges reached 70%. The famous Mentougou incident in history happened in Japan. These two countries are cancer for the long-term development of the crypto market. This theft incident is undoubtedly a heavy blow to the approval of Ethereum ETF. It has a great impact on the market this year.
In the absence of subsequent positive stimulation, the market will enter a downward cycle this week. The weekend market range is 66,000 support and 68,000 pressure. Today, the big cake is still dominated by shocks, and the idea is to buy on dips. Short on rallies.
Go long near $BTC 67000, target 68000
