🏆 Guigu Early Report 🏆
🏆 Part One: Precise Market Analysis on 5.3
Good morning, brothers. Last night's non-farm employment data was higher than expected, but after BTC dipped, it was quickly pulled back up. Have you noticed the recent few negative news?
Every time it drops, there is large capital buying it up. This has happened continuously more than five times, with people trapped above $95,000-$100,000 constantly cutting losses and changing hands. The cost of chips has now 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.
Strategy company has had costs around $95,000 in the last two months. Some miners are losing money mining.
BTC at this price has low risk.
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 all bought US bonds. In the future, as the dollar decreases at a low level, BTC will rise at a low level; this is the trend.
Weekend institutions are not working, liquidity is insufficient
There may be a small pullback in the short term.
Brothers who are in the market should hold patiently.
Brothers who haven't gotten in yet, if there is a pullback, it's recommended to buy a little.
In summary, the overall trend is positive, but it won't happen so quickly. We need to hold our coins and maintain patience and confidence.
🏆 Part Two: Interpretation of Non-Farm Data on the Night of 5.2
The non-farm data released tonight is higher than expected.
This is a significant data presentation before the June interest rate cut decision, showing economic resilience rather than recession.
Definitely not as good as being below expectations.
The Federal Reserve will continue to stand by.
But BTC is rebounding strongly, currently feeling a bit like digital gold. Yesterday, ETF inflow was 400 million USD.
The trapped positions are continuously cutting losses and changing hands, while ETF funds continue to flow in.
If it is below expectations, BTC could bounce back to $100,000 in an instant. But if it is above expectations, breaking through isn't that easy and will take some time.
🏆 Part Three: On-chain Data Analysis
Stablecoins: Flowing into exchanges starting today (positive news). Today's stablecoins continue to flow into exchanges, but there is a slight outflow.
Recently fluctuating repeatedly, not recommended to enter in the short term.
Some quality altcoins can be appropriately bought and held long-term, but don't buy too much.
Bitcoin: Continuous outflow from exchanges (positive news)
Currently has broken through to $96,000, oscillating between $97,000.
Today, the European Bitcoin financial company Blockchain Group plans to increase its Bitcoin holdings to 260,000 by 2033.
Although some holders can't stand the silence and are eager to sell, most people are optimistic about the future rise of Bitcoin. Bitcoin is worth having.
