Brothers, good morning. The market has not been good these days, Many brothers are worried about the future market, Especially the brothers who opened long positions on ETH at $4800 are sleepless. So, is there really going to be a wave of plummeting [shivering]?
Instead of listening to various analysts boast, we only look at on-chain data. From the on-chain data, A few days ago, there was a wave of stablecoin inflow to exchanges, with no signs of outflow. Bitcoin continues to flow out of exchanges. The proportion of whales is still rising, looking like they are still accumulating.
Currently, BTC is approaching the 60-day moving average, which is very safe. But ETH is a bit far from the 60-day moving average, and may still need to drop a bit. BNB is performing well, and the next stage is expected to surge above $900. SOL has plummeted, looking unreliable, which is a common method of market manipulation by the manipulators, So brothers who bought SOL should patiently hold on and not get shaken out.
On the international front, Hamas has agreed to the new ceasefire proposal from the mediation party, The Russia-Ukraine conflict may come to an end, which is favorable for risk assets in the crypto space [strong]: Ukrainian President Zelensky, dressed formally, said “thank you” eight times to open the meeting with Trump, Ukraine proposed to purchase $100 billion worth of U.S. weapons in exchange for security guarantees; After the meeting, Trump called Russian President Putin, with the location to be determined, and a trilateral meeting will follow.
Why do the manipulators want to crash the market first without pushing it up? It is to wait for the Fed's decision at 2 AM on Thursday, to ambush first Let the shorts increase their positions, After the report is released, they will let the shorts make money by exploding the market.
Previously, we announced the institutional costs: BTC is around $100,000-$110,000 ETH is around $3,500 BNB is around $760
Currently, institutions are not making much profit. We need to see the big direction clearly and patiently hold our coins.
The analysis is only for friendly reference, Adults need to be responsible for their own decisions. Investment carries risks, please invest with spare money and think independently.
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