$BTC $ETH $SOL The Mentougou incident is a headache. If compensation is really required, there is a probability of more than 70% falling below $59,500. From the address of Binance Exchange, it is found that many people are now recharging BTC to Binance. It is possible that they will smash the market and run away after the confirmation of the Mentougou incident, so the selling pressure is relatively large.

At the same time, after the release of PCE data yesterday, it was in line with expectations, but lower than the previous value, hitting a three-year low, which is a hope for the long-term future.

Stablecoin outflows. The stablecoins in the exchange have fallen to the low value of February (4 months ago). The market funds have not increased, and BTC continues to flow into the exchange.

Why is the current market so weak? The core reason is still the Mentougou incident. As long as the Mentougou incident is not resolved, the sentiment in the currency circle cannot expand.

Suggestion: When the market is unstable, watch more and do less.

Keep enough bullets and wait for the Mentougou incident to land in July, which may be the best opportunity to get on the train. #内容挖矿