Let's talk about the BTC market. The rising funds in the market mainly come from MicroStrategy's purchase of 1.11 billion bitcoins in the past month.
ETF also had a net inflow of 260 million yesterday
Plus the probability of a rate cut in September is 41%. The recent US ETF inflow is positively correlated with the trend of Bitcoin. Net inflow is bullish and net breakthrough is bearish. The rise in the past few days is hyping the expectation of a rate cut. There are still 4 days before the expectation of a rate cut. In the past few days, only the band is done, and no pattern is formed to prevent the realization of interest rate cuts. It is best not to pull back the starting point of the rise at 58,500. At present, you can only place orders at strong support. The liquidity is still not good. Buy directly at the current price. The profit and loss ratio is easy to lose debt. Order strategy:
BTC 58,508, 57,676 long, position 5.5, nephew loss 57,230, target 60,250
ETH 2378.29 2336.4 long, position 5.5, nephew loss 2314.5, target 2443
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