Good morning, brothers:$BTC
The recent positive news has mostly been released, traditional funds in the crypto market are completely unable to buy, relying only on institutional purchases during weekdays,
Last week's non-farm data was not conducive to interest rate cuts,
Today BTC broke below $95,000.
The U.S. stock market and BTC, which had risen for two weeks, are expected to see a correction this week.
This morning, U.S. stock index futures have expanded their declines, with Dow futures down 0.7%, S&P 500 futures down 0.8%, and Nasdaq futures down about 1%.
U.S. stocks are down
📉
which impacts the crypto market.
From on-chain data, the net outflow from exchanges over the past 7 days is 15,064.50 BTC, with Coinbase Pro seeing an outflow of 10,461.07 BTC and Binance experiencing an outflow of 7,075.83 BTC.
This indicates that institutions are still continuously bottom-fishing and stockpiling.
There are no heavy economic data releases this week, with the key event being Powell's speech early Thursday morning.
This week looks to be sideways and corrective; BTC still needs some time for turnover before it can break through.
The market never misses opportunities; the question is whether you can seize them. By following experienced people and the right individuals, we can earn more
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