New Week Economic Outlook
Important Economic Data
A new week has begun, and this week the market focus will be on the non-farm data released on Friday. Similar to the PCE data awaited last week, the release of these major economic data often has a profound impact on the market. Therefore, before the data is released, big funds usually choose to wait and see, which also explains why we see that the big cake is currently in a state of sideways and slightly falling.
On-chain data analysis
From the on-chain data, the market seems to be bearish. Stablecoins have been flowing out of exchanges for 7 consecutive days, close to the level of May 14, which shows that funds on the market are retreating. At the same time, from yesterday to today, although more than 3,000 BTC have flowed into exchanges, this may not be enough to offset the impact of stablecoin outflows.
Impact of the international situation
In terms of the international situation, the peace talks between Israel and Hamas are a positive signal and may have a certain positive impact on the market. However, Europe and the United States have authorized Ukraine to use military aid to attack Russia's homeland, and this news may have a negative impact on the market.
From a macro-cycle perspective
From a macro-cycle perspective, we are currently on the eve of the Fed's interest rate cut cycle. Although the long-term outlook may be good, the market may face many challenges in the short term, such as abnormal economic data, the Mentougou incident, war conflicts, etc. Therefore, investors need to be fully prepared to face various possibilities in the market.
For holders of value coins, it is recommended to remain patient. Although the market may be affected by various factors in the short term, in the long run, the potential of value coins is still huge.
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