Market Analysis 6.4
Good morning, brothers. Yesterday's market saw a big rise.
The reason is this economic data:
PMI data was released, which was lower than expected,
showing that the US economy is gradually slowing down, which is good for the cryptocurrency circle.
ETF funds have a good inflow, not counting BlackRock,
several major ETFs have inflowed 100 million US dollars.
But from the data on the chain,
big funds are withdrawing,
stable coins are still flowing out,
and the number of BTC in the Coinbase exchange has increased by thousands.
Israel launched a large-scale air strike on Syria yesterday, killing an Iranian officer.
The market has rebounded, but we should not be careless.
Profitable coins should be stopped to avoid callbacks.
The position recommendation is reduced to 40%-50%.
This Friday's non-agricultural data is very critical, and some bullets should be kept for action after the data is released.
