Bitcoin🦅6.22 accurate market analysis brothers, good morning, yesterday's PMI data was better than expected, indicating that the US economy still has resilience. Both gold and silver experienced a big drop, 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 is tough, but we have to hold on. When things reach an extreme, they will reverse. Keep the position and wait for the rebound next week. The current price is around $65,000, which is the median price during the consolidation period in the past three months. At this price, it should be stable. Many brothers say it will fall below $60,000, but it's a bit difficult. Why? Because the average entry price of Bitcoin ETF is around $60,000. The manipulators have been brewing for many years and launched BTC ETF. They won't let the price collapse to the average purchase price, otherwise there will be no profit, how will they make money in the future. Only one event can make BTC fall below 60,000, which is the Gate Bridge, but there are still more than 3 months before the Gate Bridge. Therefore, there will be a rebound between now and October. ETH can be bought at any time, no need to worry. Hold on to the ETH trio: Uni, ENS, SSV.
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Bitcoin🦅6.22 accurate market analysis brothers, good morning, yesterday's PMI data was better than expected, indicating that the US economy still has resilience. Both gold and silver experienced a big drop, 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 is tough, but we have to hold on. When things reach an extreme, they will reverse. Keep the position and wait for the rebound next week. The current price is around $65,000, which is the median price during the consolidation period in the past three months. At this price, it should be stable. Many brothers say it will fall below $60,000, but it's a bit difficult. Why? Because the average entry price of Bitcoin ETF is around $60,000. The manipulators have been brewing for many years and launched BTC ETF. They won't let the price collapse to the average purchase price, otherwise there will be no profit, how will they make money in the future. Only one event can make BTC fall below 60,000, which is the Gate Bridge, but there are still more than 3 months before the Gate Bridge. Therefore, there will be a rebound between now and October. ETH can be bought at any time, no need to worry. Hold on to the ETH trio: Uni, ENS, SSV.