BitEagle 🦅5.24 Accurate Market Analysis @Everyone

Good morning, brothers. After the ETH ETF was approved last night,

the positives were exhausted and the market was going down.

It will probably be mid-to-late June before formal trading can be started.

At present, is it long or short? Let's analyze it in depth.

(1) Several data were released last night, all of which were negative, showing that inflation is still high.

The initial value of the service industry PMI and the initial value of the manufacturing industry PMI were higher than expected, which is negative.

The number of people applying for unemployment benefits was lower than expected, indicating that the economy is still strong, which is negative.

(2) On-chain data

- The inflow of BTC into the exchange increased, which is negative.

- The outflow of stablecoins was weak, which is slightly negative.

As the weekend approaches, there is a high probability of a correction, and the possibility of a big rise is small.

After the ETH ETF was approved, the short-term market crash was negative, but the long-term outlook was bullish.

Brothers whose ETH was stopped out can also buy 10% of the ETH position for long-term investment.

The current recommended position is still below 50%.

Recommended currencies to hold:

AR, CHR, FTM, Matic, ETH, BNB.

AR has fallen from a high level recently. If it rises too much, it will fall. If you hold on patiently, it will come back. $PEOPLE #以太坊ETF批准预期 #美众议院通过FIT21法案 $BTC $ETH #5月市场关键事件