7.19 Accurate Market Analysis @Everyone

Good morning, brothers. BTC has pulled back.

It has risen from $54,000 to $65,000 for 5 consecutive days.

It is normal to take a few days off. It is impossible to keep rising.

And it is close to Saturday and Sunday, and half of the time it is volatile or pulling back.

After experiencing 9 consecutive days of net inflow of ETF funds,

there was a net outflow of funds yesterday (BlackRock has not yet announced it),

mainly Grayscale is shipping.

From the on-chain data

(1) Stablecoins have not flowed out of the exchange on a large scale

(2) BTC in Binance has not flowed in on a large scale

So the risk level is not high

The general trend background is that the Federal Reserve is about to cut interest rates and is bullish.

There are two positive factors next week: ETH ETF may be launched,

and Trump will attend the BTC conference to speak.

The current risk is mainly in Mentougou.

Mentougou has 140,000 BTC,

which will be gradually distributed over time.

Every large transfer in the wallet will bring a small panic to the currency circle.

It is recommended to hold the tokens:

Chr, Stx, FTM, Zk, AR

ETH and its three sectors Uni, Ens, Ssv

Japanese Ethereum Astr, Korean Ethereum Klay