Yesterday, mainstream coins were thriving, driving the market into a sea of red, but when it came to altcoins, they collectively entered a 'drifting state.' However, today some 'long reflex arc' brothers finally woke up and started performing the 'floor takeoff' act! For example, Gold Toad Turbo almost recovered all the losses from the past four months in one day. Additionally, SUI broke through $3 this morning, now quoted at $3.04, with a 24-hour increase of 11.2%.
Let's take another look at Bitcoin, which has currently formed a doji pattern, indicating hesitation 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 too much space to bears, it will enhance the rebound prospects for breaking above $95,000.
Bitcoin may subsequently soar to $100,000, then rise to $107,000. If the price significantly drops from $95,000 and falls below the moving average, this optimistic view will become invalid in the short term.
Last night's hottest focus undoubtedly belonged to—Trump & his 'TRUMP Dinner.' No wonder he is the world's greatest trader; the top 220 token holders of TRUMP will have dinner with Trump on May 22, while the top 25 whales are treated as luxury VIPs to tour the White House the next day. Influenced by the news of the 'TRUMP Dinner,' TRUMP saw a significant surge, doubling from the bottom. But what is the conspiracy behind it? Gu Gu boldly speculates that TRUMP is about to unlock, letting whales pump the price themselves, luring retail investors in, and then netting them all?
This operation can be seen as the pinnacle output of the 'dinner culture' in the crypto circle. While retail investors are still considering what to wear to the dinner, the big whales have quietly figured out how to play this wave of hype.
A large holder dropped 5 million USDT to buy TRUMP after the news was released, and within less than half an hour, made a profit of $731,800 and called it a day. Retail investors are still discussing the dinner, while the big players have already turned the dinner into cash.
Last night, the contract market at http://Gate.io suddenly crashed, with only a hint of coolness in the air. The platform's contract and copy trading services were briefly suspended, and multiple users complained that contract assets were directly reduced to zero without warning. The official response on both the Chinese and English Twitter accounts stated it was due to excessive platform traffic, but the platform service upgrade was completed quickly.
