BTC briefly falls below $61,000.

The reason why there has been no improvement is still the impact of war and Fed policy.
(1) Yesterday, Fed officials continued to emphasize that there is a risk of premature rate cuts
Longing Fed officials have been emphasizing this message recently, further dropping the likelihood of a rate cut in June
(2) Israel's defense minister hinted at a possible escalation of the situation in the north
Negotiations between Hamas and Israel have stalled
In order to promote peace, the United States seized bombs that were supposed to be sent to Israel
Delegations are still in Cairo, Egypt, awaiting another round of talks
If it can be negotiated, BTC is expected to improve, otherwise there is a risk of falling below $60,000.
In terms of on-chain data
(1) BTC flowed out of the exchanges about 3,000 yesterday, and it has been flowing in for the past few days, but it began to flow out yesterday, which is a small favourable information
(2) Stablecoins still do not flow into exchanges in large quantities, which is Unfavourable Information
The inflow of funds from the ETF side of the United States is not long
In the near future, it will be interesting to see if the peace talks between Israel and Hamas are reached.
In the medium term, it still depends on the Fed's policy.
The next big data will be the CPI data released next Wednesday, May 15.
long keep bullets in case you Unfavourable Information buy the dips.