[What do you think about today's market? Will BTC fall to $60,000? What to do]

Good morning, brothers.

Yesterday's PMI data was better than expected across the board, indicating that the US economy is still resilient.

Both gold and silver staged a big dive, BTC fell a bit and then stabilized.

ETF funds have been net outflows for 8 consecutive days,

mainly Fidelity and Grayscale are dumping the market.

The market is difficult, but we have to hold on.

Everything will turn around when it reaches its extreme. Keep the position and wait for a rebound next week.

The current price is around $65,000,

which is the median price of the consolidation period in the past three months.

At this price, it should be stable.

Many brothers say that it will fall below $60,000.

It is actually a bit difficult. Why?

Because the average entry price of Bitcoin ETF is around $60,000.

The dog dealer has been brewing for many years and launched the BTC ETF.

They can't let the price collapse to the average purchase price.

There will be no profit in this way. How can they make money later?

Currently, there is only one event that will cause BTC to fall below 60,000, which is Mentougou, but Mentougou is still more than 3 months away. Therefore, there will be a rebound between now and October. ETH can be bought at any time, don't worry. The three musketeers of the ETH sector: Uni, ENS, and SSV continue to hold. Intelligence source: BitEagle