BitEagle 🦅5.18 Accurate Market Analysis @Everyone

Good morning, brothers, it will be Saturday soon.

There will be no big movement on Saturday and Sunday,

because no Fed officials will speak, and no economic data will be released.

What we have to guard against is Israel's attack on Hamas,

because there is no rest day in war.

If a missile accidentally hits Egypt, or Iran launches an attack behind Israel.

Then a war is inevitable, and BTC will plummet.

But this possibility is only 10%.

If there is no black swan, BTC will remain strong and is expected to return to $70,000.

It seems that the interest rate cut party is about to restart, can we continue to play music and dance?

In addition to CPI, more and more data show that the effect of the Fed's interest rate hike is showing,

For example, retail sales stagnated in April, and the growth rate was revised down for two months, indicating that Americans can no longer consume,

In the first quarter, US household debt reached a record level, indicating that many Americans are in debt and have difficulty paying back.

But the probability of a rate cut in September is not too high, because Powell said on Tuesday,

It will take at least one quarter of data to determine whether there is a rate cut.

Therefore, each subsequent economic data release will bring new variables. I hope that the expectation of a rate cut will not be reversed, causing a sharp drop in BTC.

On-chain data is still bullish

(1) Stablecoins flowing into exchanges continue to increase, and there was still a significant inflow after 8:00 last night

(2) Not many BTCs flow into exchanges, only more than 2,000, and the general trend in recent days is outflow

The Chicago Mercantile Exchange (CME) plans to launch spot Bitcoin trading,

which marks the further advancement of major Wall Street institutions in cryptocurrency,

which is good for BTC.

In short, the current positives outweigh the negatives. Before Mentougou releases news in September this year,

it is estimated that there will be another wave of increases.

Brothers in the car suggest that you hold on patiently to avoid missing out. #芝商所拟推出比特币现货交易 #机构积极投资比特币ETF #美国4月CPI数据回落 #BTC走势分析 $BTC $BNB $ETH