Last night's market can be summed up in one word: 'catch-up'!
Yesterday, major coins surged vigorously, driving the market to a sea of red, but when it came to altcoins, they collectively entered a 'floating state.' However—today some 'slow-reacting' brothers finally woke up and started to perform the 'floor take-off' act! For example, Jin Chan Tuo (Turbo) almost recovered all of its decline from the past four months in one day. Additionally, SUI broke through $3 this morning, currently quoted at $3.04, with a 24-hour increase of 11.2%.
Let's take a look at Bitcoin again. It has formed a doji star pattern, indicating indecision between bulls and bears near the resistance level above $95,000. The 20-day exponential moving average at $85,773 has begun to rise, and the relative strength index (RSI) is approaching the overbought zone, suggesting that the path of least resistance is upward. If buyers do not give up too much space to the bears, it will enhance the rebound prospects for breaking through $95,000.
Bitcoin may then soar to $100,000, and then to $107,000. If the price significantly drops from $95,000 and falls below the moving average, this positive outlook will become invalid in the short term.
Last night's hottest highlight undoubtedly belonged to—Trump & his 'TRUMP dinner party.' As expected, he is the most formidable operator in the world; the top 220 token holders of TRUMP will dine with Trump on May 22, while the top 25 whales will have a luxurious VIP experience, visiting the White House the next day. Influenced by the 'TRUMP banquet' news, TRUMP surged significantly, doubling from the bottom. But what is the conspiracy behind it? I boldly speculate that TRUMP is about to unlock, letting the whales pump the price and lure retail investors in, and then catch them all in one net?
This wave of operations can be said to be the pinnacle output of the 'dinner culture' in the cryptocurrency world. While retail investors are still considering their dinner attire, the big whales have quietly figured out this wave of speculation.
A big player bought $5 million of TRUMP after the news broke and made $731,800 in less than half an hour, directly cashing out. Small investors are still discussing dinner parties, while the big shots have already turned their dinner into cash.
Last night, the Gate.io contract market suddenly crashed, with only a hint of coolness in the air. The platform's contract and copy trading services were briefly suspended, with multiple users complaining that contract assets fell to zero without warning. The official response on the bilingual Twitter account stated that it was due to excessive platform traffic, but soon completed a service upgrade.
Currently, the problem is said to be fixed, and the platform has also released a user compensation plan. But to summarize in one sentence: 'You scared me, now pay me!' It's not easy for contract players; they are not afraid of the market going sideways, but are afraid of the platform 'losing focus.'
To summarize in one sentence: There are no eternal winners in this market, only 'smart money' that can always capitalize on hot trends.
