Market Analysis 6.6

Good morning, brothers. With various economic data confirming the cooling of the US economy,

the Fed may cut interest rates ahead of schedule.

The market expects that the rate cut will be brought forward from December this year to September.

BTC has also soared all the way to break through $70,000.

The small non-farm data released last night,

the increase in private enterprise employment in the United States in May was lower than expected,

which is a good thing.

This week, the key will be the non-farm data released at 8:30 pm tomorrow.

If it is lower than expected, BTC may challenge the high point.

If it is higher than expected, the currency circle will face the risk of a sharp correction.

The difference between this round of bull market and the past is that the source of funds is different.

In the past, BTC and the cottage flew together.

But now BTC and the cottage are two worlds, seemingly close but actually far apart.

Because the funds driving BTC's rise are not from Binance and Coinbase.

But from ETFs (800 million dollars flowed in the day before yesterday, and 300 million dollars flowed in yesterday).

Under the high interest rate of the Federal Reserve, there is not much money in the currency circle, and all the stocks are cut.

Soon, with the approval of ETH spot ETF, ETH and altcoins will form two worlds, and the funds driving ETH's rise will come from non-cryptocurrency circles. So you must buy some ETH, at least 20% position. Currently, 60% position is recommended, 20% position is recommended for ETH, and 40% for altcoins. Decide whether to increase the position after the data is released tomorrow night. #BTC #ETH #内容挖矿 $BTC $ETH