Bitcoin June market outlook and deduction:
1) Spot ETF institutions have seen net inflows for many consecutive days, and most ETFs continue to buy BTC, only Grayscale often sells;
2) US PCE inflation data tends to ease, and it is estimated that the Fed may cut interest rates in September, and the speculation of interest rate cut expectations will begin;
3) BTC price fluctuations tend to narrow, the structure tends to converge, and the trading volume gradually shrinks. It is estimated that the shock will end around June 10;
Look forward to the arrival of new trend market!
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