5.26 BitTiger Weekly

Da Bing is in a very anxious state I was supposed to write the weekly journal yesterday, but on Monday, I took two friends to Hong Kong Walking online to open a card and take a half day trip. It took me 3 and a half hours to open the card, and the two of them respectively obtained eight banks, including Bank of China Hong Kong, HSBC Hong Kong, China Construction Bank Asia, Hang Seng Bank, CITIC International, Zhong'an, Ant Group, and Tianxing, five physical cards, and three virtual cards. These resources can be used but cannot be omitted. Return to BTC Technical aspect: Last week, Da Bing closed at 77064, with a low of 74289. The long lower shadow of the closing line indicates that there is still some capacity to absorb below 75K, but STH has already crossed TMP downwards, and the downward pressure of MA200 slope continues to take effect. There is a risk of rapid detachment at any time. The average price of RP below is around 54K, and the average price of LTH has risen to 48623, which is still worth looking forward to News aspect (macro+funding aspect): The dominant factor is the large-scale net outflow of BTC spot ETFs from the US stock market. Last week, BTC ETFs experienced a total outflow of approximately $1.3 billion, marking the largest weekly outflow since January of this year and ending the previous consecutive weeks of net inflows. The outflow of funds is mainly dragged down by the macro background: the rise in US bond yields, the stickiness of inflation data, the strengthening of the US dollar, and other factors combined, resulting in a phased decline in institutional risk appetite The overall news is bearish, but there is no systematic black swan. Market sentiment has fallen from Neutral to Fear range (the Panic Greed Index has fallen to 28) The process of patiently waiting for the bottom and confirming the bottom is really boring and lonely, which is the most difficult part of investing. Don't hand over your trump card (position) too early See you guys next week! Stay calm and continue waiting!! seventy-six thousand six hundred and sixty-six ✊✊