Bitcoin Eagle🦅 6.23 accurate market analysis: Looking ahead to next week, brothers, have a good weekend. This week is coming to an end. Earlier this week, several weaker-than-expected economic data boosted market expectations of a rate cut by the Federal Reserve in September. However, Friday's PMI data showed overall business activity remains resilient, which may reduce the urgency of a rate cut by the Federal Reserve. This week, the Swiss National Bank initiated a second rate cut, and the Bank of England signaled an imminent rate cut, while several Federal Reserve officials believe there may only be one rate cut this year. Next week is somewhat special because there are no important economic data releases, but more than five Federal Reserve officials will give speeches. Despite the significant decline, BTC has been unable to rebound and has not broken through $65,000. We still shouldn't be complacent. From on-chain data, BTC in exchanges has not increased in the past few days, but stablecoins have been flowing out from yesterday to today. ETF funds have been net outflows for eight consecutive days, and there should be inflows next week. Leave less than 50% of the position and wait for a rebound next week.
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Bitcoin Eagle🦅 6.23 accurate market analysis: Looking ahead to next week, brothers, have a good weekend. This week is coming to an end. Earlier this week, several weaker-than-expected economic data boosted market expectations of a rate cut by the Federal Reserve in September. However, Friday's PMI data showed overall business activity remains resilient, which may reduce the urgency of a rate cut by the Federal Reserve. This week, the Swiss National Bank initiated a second rate cut, and the Bank of England signaled an imminent rate cut, while several Federal Reserve officials believe there may only be one rate cut this year. Next week is somewhat special because there are no important economic data releases, but more than five Federal Reserve officials will give speeches. Despite the significant decline, BTC has been unable to rebound and has not broken through $65,000. We still shouldn't be complacent. From on-chain data, BTC in exchanges has not increased in the past few days, but stablecoins have been flowing out from yesterday to today. ETF funds have been net outflows for eight consecutive days, and there should be inflows next week. Leave less than 50% of the position and wait for a rebound next week.