Market Analysis 6.3
Good morning, brothers. A new week has begun.
Last week we waited for the PCE data,
and this week we have to wait for the non-farm data to be released on Friday.
Before the release of major economic data, big funds will not act rashly.
So we see that BTC is currently trading sideways and falling slightly.
Last night, it plunged downward in panic.
From the on-chain data, it is bearish.
(1) Stablecoins have been flowing out of exchanges for 7 consecutive days, close to the value of May 14, and funds on the exchange are withdrawing.
(2) From yesterday to today, more than 3,000 BTC have flowed into exchanges.
In terms of the international situation, Israel and Hamas have begun to negotiate peace, which is good news.
But Europe and the United States have authorized Ukraine to use military aid to attack Russia's homeland, which is bearish.
From a macro-cyclical perspective, we are currently on the eve of the Fed's interest rate cut cycle.
The day after tomorrow is beautiful, but tomorrow is cruel. Many people will fall tomorrow.
This includes abnormal economic data, the Mentougou incident, war conflicts, etc.
It's time to fight a protracted war, brothers, hold the value coins patiently,
and then get some small funds to buy Meme coins.
