"Will Bitcoin Bounce Back? Fed Officials and Market Moves to Watch Next Week

Next week is unique because there will be no significant economic data releases, but more than five Fed officials will be speaking! Although BTC has recently experienced a sharp decline, the rebound has been weak and it hasn't surpassed $65,000. We must remain cautious.

On-chain data shows that BTC on exchanges hasn't increased in the past few days, while stablecoins have been flowing out from yesterday to today. ETF funds have seen net outflows for eight consecutive days, but inflows are anticipated next week.It is recommended to keep positions below 50% and wait for a rebound opportunity next week.