Market Analysis 6.7
Good morning, brothers. Non-agricultural data is about to be released + BTC is at a high level.
The market is panicking again.
BTC only fluctuated a little in the evening, but many altcoins have been defeated.
From the on-chain data
(1) BTC flows out of the exchange, which is a positive sign
(2) Stablecoin flows out of the exchange, which is a negative sign
Yesterday, ETF funds began to flow out, and now BlackRock data has not been released
It can be seen that $130 million of funds have flowed out
BTC is currently at a high level. Once the non-farm data is higher than expected, it will be negative.
The copycat will bleed like a river
So it is recommended to hold a 60% position and wait for the data to be released before taking action
It is completely in time
Because most people don’t look at the data,
it gives us time to act after the data is released
Lock in tonight at 8:30,
Unemployment rate is expected to be 3.9%, which is higher than expected, which is positive, otherwise it is negative
Non-farm is expected to be 185,000, which is higher than expected, which is negative, otherwise it is positive
Although AR, FTM, etc. have pulled back, there is no need to worry about holding spot
Save bullets for bargain hunting
