BitEagle 🦅5.1 Accurate Market Analysis @Everyone

Happy May Day, brothers!

At 3 am last night, BTC fell below $60,000.

The current rebound volume is still weak.

From the on-chain data, we observed that more than 10,000 BTC were recharged to the exchange yesterday.

The stablecoins that were bottom-fishing began to retreat again.

Why did it fall? Many people have been playing in the cryptocurrency circle for 10 years and still don’t understand the fundamental reason.

Few people can analyze the market as thoroughly as BitEagle,

which leads to dozens of information channels being forwarded continuously.

The reason for the fluctuations in the cryptocurrency circle lies in the funds in the market,

and the market funds come from the Fed’s policy regulation.

The reason for this decline is the rebound in inflation, the Fed’s expected interest rate cuts are delayed, and even interest rates will be raised.

In addition, BTC, as a risky asset, is affected by international conflicts.

When the cannon is fired, gold is worth a lot, but the stock market and BTC will fall.

Yesterday, Israel said that it would attack Rafah regardless of whether there is a ceasefire or not,

which cut another blow to the weak market.

In April this year, BTC fell 16%, which is only slightly lower than the level in November 2022.

Let's pay attention to several upcoming heavy data!

The number of unemployment benefits for the week will be announced at 8:30 tomorrow night, and the expected number is 210,000.

Higher than expected is positive, lower than expected is negative.

At 2 a.m., the Federal Reserve will hold a monetary policy meeting, and Powell will speak after the meeting.

At 8:30 p.m. the day after tomorrow, the super heavy non-agricultural data will be released, and the expected number is 25.

Higher than expected is negative, lower than expected is positive.

In terms of ETFs, several US ETFs were net outflows yesterday.

The Hong Kong ETF Bitcoin spot ETF had a trading volume of $11 million on the first trading day, which was far from the $4.6 billion trading volume of the US Bitcoin spot ETF on the first day of listing.

Fly meat is also meat, and it is better to have it than not.

In the future, the launch of cryptocurrency ETFs in other countries will not be far away.

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