BitEagle’s daily accurate market analysis 8.30
Good morning, brothers, yesterday Grayscale won the lawsuit against the SEC, increasing Bitcoin’s chances of winning through ETF.
Yesterday morning we inferred from the data on the chain that it was going to rise. Congratulations to the brothers who followed the bottom buying [celebration]
Next, we will focus on two [core data]:
At 8:30 pm on Thursday, the number of initial jobless claims in the United States and the core PCE in the United States in July will be announced, which will have a small impact on the market.
At 8:30 pm on Friday, non-agricultural employment in August will be announced, which will have a greater impact on the market.
In addition, several ETF approval results are issued before September 10th, and the probability of passing is relatively small.
But you can try it with 10% of the position, and you won’t be short even if you pass.
On-chain data corresponding to yesterday’s surge
(1) Increase in BTC inflow into exchanges
(2) The inflow of stable coins into exchanges has also increased.
How to do it now?
(1) Brothers who buy the bottom can first take profit by 50% to prevent a correction
(2) Don’t go short, keep at least 10% of your position, otherwise you will be short if it continues to rise.
