BitEagle 🦅5.25 Accurate Market Analysis @Everyone
Good morning, brothers. The market is confusing. Will it plummet or soar next week?
After the release of several economic data the day before yesterday, plus the good news of ETH ETF, many coins fell due to short-term bad news.
The economic data released last night was mixed, but it objectively reduced the possibility of a rate cut in September.
When we can't see the direction of the market, we will turn to on-chain data. After all, data will not lie.
On-chain data shows that
(1) Stablecoins flowing into exchanges have rebounded to a certain extent, which is good news
(2) BTC flowing into exchanges has decreased, which is good news
Therefore, we can conclude that the market has recovered and there is no need to panic at present.
In particular, there is no need to panic if you hold ETH. If it falls to around $3,600, you can boldly increase your position.
Before the opening of ETF trading at the end of June, it is expected to rise to more than $4,000.
CHR has returned strongly. Hold it patiently. The target this time is $0.5.
Currently recommended positions are FTM, AR, Matic, CHR, and ETH.
If it drops by 5%, buy more.
