5.7 Market Analysis
Technical side:
The market broke through the downward trend line and then stepped back to the downward trend line. The market is still expected to fluctuate in the next few days. The range of fluctuations will be maintained at 62,500 to 67,000. In the short term, the market is still strong and fluctuates upward. The chips taken at low positions can be taken again, and the positions are controlled to 6 to 7 layers. The sol sector and the AI sector are relatively strong.
News side:
BTC once broke through $65,000 yesterday. Due to the news that Israel was going to attack Rafa, it pulled back to the starting point.
The US spot ETF funds have shown a recovery state. Yesterday, including Grayscale GBTC, there was an inflow of funds.
In terms of on-chain data, there has been no large-scale inflow of stablecoins to buy the bottom. Large funds are still in a wait-and-see state, but the inflow of BTC into exchanges has increased.
The United States is currently printing money at an unprecedented rate, $2 million per minute.
Last year, investors received nearly $900 billion in annual interest from US government bonds, twice the average level of the past decade.
The attractiveness of US bonds relative to other risky assets is extremely strong.
