$BTC $ETH $SOL Let’s briefly analyze the current market trend, yesterday’s ETF fund flows, and how to position going forward.
Overall, the broader market has been relatively weak recently. I’ll briefly sum up the reasons: the upcoming midterm elections, the Federal Reserve’s upcoming rate decision, and the CPI and PPI data have all contributed to the market’s weakness.
Yesterday, there were inflows into Bitcoin ETFs. BlackRock bought $110 million worth, as it sold some of its ETH holdings and reallocated the funds to BTC. The impact was not particularly significant.
As for positioning, if you’re looking to go long on BTC, you could enter between 79,000 and 78,500, going long around the support levels on the chart.
Regarding the Fed’s upcoming rate decision, it will most likely keep rates unchanged and then signal measures to push down oil prices and thereby reduce inflation.
Given that the current market conditions for major cryptocurrencies aren’t particularly favorable, I’d still recommend looking at the storage sector. Several tech companies are reporting earnings this week, including Microsoft, Google, SK Hynix, Samsung, and Amazon.
#Strategy未购比特币斥资2.05亿美元回购STRC #BTC #ETH #sol
Overall, the broader market has been relatively weak recently. I’ll briefly sum up the reasons: the upcoming midterm elections, the Federal Reserve’s upcoming rate decision, and the CPI and PPI data have all contributed to the market’s weakness.
Yesterday, there were inflows into Bitcoin ETFs. BlackRock bought $110 million worth, as it sold some of its ETH holdings and reallocated the funds to BTC. The impact was not particularly significant.
As for positioning, if you’re looking to go long on BTC, you could enter between 79,000 and 78,500, going long around the support levels on the chart.
Regarding the Fed’s upcoming rate decision, it will most likely keep rates unchanged and then signal measures to push down oil prices and thereby reduce inflation.
Given that the current market conditions for major cryptocurrencies aren’t particularly favorable, I’d still recommend looking at the storage sector. Several tech companies are reporting earnings this week, including Microsoft, Google, SK Hynix, Samsung, and Amazon.
#Strategy未购比特币斥资2.05亿美元回购STRC #BTC #ETH #sol
