Yesterday, Saturday, the ETF stopped trading.

Let’s look at the on-chain data first:

(1) Stablecoins have rebounded a little bit

(2) BTC inflows into exchanges have slowed down, but are still at high levels

Current support levels: $60,000, $58,400

Resistance level: $63,000

Powell will give a speech next Tuesday.

At 20:15 on Wednesday, the US ADP employment figures for June will be released.

At 20:30 on Friday, the US non-farm payrolls for June will be released.

The last data released was 275,000, which was much higher than the expected 200,000, causing BTC to plummet.

This time it should return to normal, not so exaggerated.

In fact, the Fed’s policy is not very important for the recent impact on the cryptocurrency market.

The most urgent task is the Mentougou incident. BTC worth $9 billion is no joke.

Even if only 1/3 flows into the market, there is still a scale of $3 billion.

It is enough for ETF net buying funds to inflow for more than one month to offset it.

Mentougou will have results before July 10. It’s about to come true.

Don’t buy the dip in the next few days, wait a few more days, unless you are short

We need to prevent BTC from falling below $59,000

If it falls below, don’t sell the spot, and continue to buy the dip

Optional currencies: STX, FTM, ETH, Uni, etc.