Right after the previous text! Current market predictions indicate that the year-on-year growth rate of the U.S. CPI in April will remain unchanged at 2.4%. If this expectation comes true, the market is likely to view this inflation report as positive news, not to mention if it is even lower. Therefore, this week's inflation data could become a catalyst for Bitcoin's rise, potentially driving Bitcoin to reach new highs.
Regarding ETFs, last week saw a net inflow of $934 million into Bitcoin spot ETFs, marking four consecutive weeks of net inflows. These inflows are not likely to exit quickly. However, since there have been net inflows for four weeks, based on past trends, it has basically reached a critical point for a phase adjustment.
Additionally, there is the SEC. The SEC Chairman will continuously release positive news for the crypto market, such as the recent official announcement to shift towards more supportive regulatory policies for cryptocurrencies, planning to formulate new guidelines regarding issuance and custody. Therefore, in this regard, there should not be any more negative news emerging, which can be seen as a reassuring factor for the entire market. Those historical litigation issues have also been mostly resolved; almost every issue resolved leads to a significant surge, so this area of news can also be a key focus. #交易经验 #Strategy增持比特币 #币安Alpha上新