This week, more than 9 Fed officials took turns to speak. In addition, pay attention to two data.
(1) Retail sales data released on Tuesday
(2) PMI data released on Friday
If the two data show that inflation continues to rise, it may undermine the current optimism and BTC will have another wave of decline. Otherwise, it will sound the horn of counterattack. Bitcoin has not rebounded properly, and the copycats are still shrinking. At present, the ETH series of coins are relatively hard. On-chain data shows that there is a large outflow of stablecoins, which is a bit bearish. Reduce leverage and contracts, and hold spot as the main focus. If ETFs can receive funds on Monday, there is hope for a rebound!
Tether has issued an additional 1 billion US dollars of USDT. The last additional issuance directly pushed up the market. Will it continue to pull up this time? I personally think it is very likely.
The current market is particularly suitable for institutions to enter the market and build positions. Once these big players complete their layout, the market will definitely go up.
In a bull market, you must remember that every pullback is an opportunity for the market makers to get on board. It is not to let the leeks get on board, but for the market makers to get on board themselves.
At the same time, let the leeks panic sell and exchange chips, and wait until the market is almost right before entering a real bull market.
So as long as you believe that the bull market is still there, or that the bull market has just begun, then you must not sell the chips in your hands, and hold them for a long time until the big bull market.
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