#美国众议院市场结构讨论草案

5.6 Morning Market Overview: $BTC Bitcoin Sideways Or Downward Fluctuation

Bitcoin closed with a Doji in the morning, mainly moving sideways during the day

Currently, Bitcoin is consolidating around 94, with the range of 94-93.8 acting as a support zone. If it holds here against selling pressure, we can look for Bitcoin to rise above 95. If it doesn't hold, we will still watch for the daily support at 92.7

Given the current narrow fluctuations, the trading conditions are not mature and there is no demand for trades, so it is recommended to stay out and observe; tomorrow is the ETH mainnet upgrade, and on the 8th there is the Federal Reserve's interest rate cut meeting. I feel that the market will show signs tonight when the U.S. stock market opens, so be patient

Bitcoin ETF spot saw a net outflow of 1120 yesterday, with slight outflows from Grayscale and Fidelity;

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