Bitcoin Eagle 🦅 5.3 Accurate Market Analysis @everyone
Good morning, brothers. Last night's non-farm employment data exceeded expectations.
However, after BTC dipped down, it quickly pulled back up.
Have you all noticed that in the recent few rounds of bad news,
it's always a dip followed by a large amount of capital buying in and pushing it up?
This has happened more than 5 times in a row.
Those who are trapped above $95,000-$100,000 are continuously cutting losses and trading hands.
Now the cost of the chips has increased quite a bit.
The average cost of the last wave of ETF funds was around $70,000.
The average cost of this wave of ETF funds is $90,000.
The costs for Strategy Company in the past two months have been around $95,000.
Some miners are even losing money mining.
At this price for BTC, the risk isn't high.
The wheels of history roll forward.
Globalization has reached the end of this cycle.
In the past, everyone used the dollar system for trade and bought U.S. treasury bonds.
In the future, as the dollar declines from low levels, BTC will rise from low levels,
this is the trend.
Institutions are not working on weekends, resulting in insufficient liquidity.
In the short term, there might be a small pullback.
For those already in the market, hold patiently.
For those who haven't entered yet, if there's a pullback, I suggest buying a bit.
In short, the overall trend is positive, but it won't happen so quickly.
We need to hold our coins and maintain patience and confidence $BTC $ETH