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Bit Eagle market analysis 7.1
Two headlines roiled the market yesterday
One is that the #PCE indicator is lower than expected, indicating that inflation is slowing down, which is good for the currency circle and US stocks.
The other is that #SEC rejected the existing Bitcoin spot ETF application, which is bad for # BTC, so there is a big drop at night.
Although the current ETF application has been rejected, it must be late. The current applicants for ETFs include #黑Rock and # 编达Investment. They will re-apply after being rejected, so don't worry.
On-chain data shows that more BTC flowed into exchanges last night.
Looking forward to July, interest rates will continue to rise, but the supervision of the cryptocurrency market will continue to strengthen, which will benefit the inflow of funds into BTC and ETH.
BTC and ETH must be held firmly, don't be washed out by midway fluctuations and small profits, just buy long-term.
The current position configuration remains unchanged: 40% BTC+ETH, 20% copycats, and 40% bullets.
#ZEN has prompted to take profit in batches, # CHR continues to hold.
Last month, I reminded LTC to get on the car and hold it patiently. Now it is time to harvest, and you can take profits in batches.