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, the big consulting firms will not act rashly.
So we see that BTC is trading sideways and falling slightly,
and it plunged downward in panic in the early hours of last night.
From the on-chain data, it is bearish
(1) Stable B has been flowing out of the exchange for 7 consecutive days, close to the value of May 14, and the on-site consulting firms are retreating
(2) From yesterday to today, BTC has flowed into more than 3,000 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 big cycle 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, and many people will fall tomorrow.
This includes abnormal economic data, the Mentougou incident, war conflicts, etc.
Value B is patiently held.
