In the past few days, with the support of the two major milk kings, Trump and Director Ma, the market has surprisingly gained strength, making a 180-degree turnaround. The big cake easily broke through the strong resistance of 92,000 the day before yesterday, which surprised most, including myself. Sister Bei was also interacting in real-time in the Telegram group on Tuesday. Those who followed along must have gained quite a bit.
After the big cake broke through 91,000 the day before yesterday, the contract liquidation volume came out, and the price also reached the predicted position. Sister Bei reminded that those who cannot hold should take profits in batches. Sister Bei also sold 10% of her position according to her original plan because the market was very strong. I mentioned in the group last night to keep a large position to continue betting on the rotation of today’s mainstream coins. Since it's a large position, there’s also a bit of profit now.
The impact of tariffs has been quickly diluted, so the big cake should soon return to around 95,000 USD. There has indeed been a lot of positive information released in the past few days.
President Trump stated that, apart from compromising and stating he has no intention of firing Powell, he also mentioned that tariffs on China will be significantly reduced, and he will not take a hardline stance. The US and China will negotiate in May. The US also stated that it is about to reach a new trade agreement with Japan. Musk also declared that he will gradually withdraw from the government efficiency department and return to Tesla's main business. - Tesla still holds Bitcoin valued at 1 billion dollars.
Paul Atkins has taken office as the chairman of the SEC and will strongly support Bitcoin. The day before yesterday, BlackRock, Fidelity, BITWISE, and ARK all increased their positions in the big cake; MicroStrategy publicly stated they will continue to buy more. Bitcoin payments in Russia, Bitcoin futures trading set to be listed in Singapore in the second half of the year, etc. Are there too many positive developments? I’ve noticed that when the market is rising, positive news comes one after another.
The biggest problem in the US stock market and crypto market now is not the lack of money-making opportunities, but the absence of secure assets to hold onto. Because Trump keeps changing his mind, it's unpredictable, and as everything in the market gradually calms down, a bull market may quietly arrive. Often, the stronger the uncertainty, the more chaotic and panicked the market becomes, leading to bigger opportunities!
The US stock market has also surged. The crypto market is currently in a short squeeze trend, with shorts facing massive liquidation, and those who shorted are suffering losses and facing the risk of missing out. Their mentality is probably quite shattered. The first short liquidation spike occurred the night before yesterday, and Sister Bei reduced her position, but unexpectedly, a second spike occurred the next day, with a massive short squeeze. The market has returned to the rising rhythm that Sister Bei is familiar with. Since we broke through, our operational thinking and strategies need to change.
Currently, the hourly and daily RSI are in an oversold state. The position around 95,000 is a good point to continue reducing positions. Coins like Sol, Ray, and Pepe have also reached the predicted selling positions, but there is still room for further gains. Sister Bei plans to continue selling a small portion of her position at 95,000 and look for opportunities to re-enter on a pullback. I do not recommend chasing highs; it’s not far from 95,000. Let’s wait for a pullback; if you’re really anxious about missing out, buying a small position on the pullback can help alleviate some anxiety.
Some people are asking where to buy low. I think we should first observe how high it goes in the next few days. The fundamentals have changed, and strategies need to change too. The original thinking and strategy were leaning towards being bearish, so it was about reducing positions at highs and buying back at lows. Now that we've broken through the key resistance level, there's a possibility of a market reversal, so it's time to buy on dips and not miss out. The strategy is completely different now; let's observe a bit more. Sister Bei is not a fortune teller; you know she still has 90% of her positions, so you have an idea.
Sister Bei cannot predict what Trump and Musk will say every day. The overall transaction volume across the internet was still very large a couple of days ago, and altcoins are all rising. This is no longer the script that Sister Bei originally predicted. Funds are actively going long because the fundamentals have changed, and market confidence is different now. Everyone needs to keep track of significant changes and shift their bullish-bearish thinking in a timely manner.
This week, the changes in fundamentals and technicals have been too rapid. Just like the gold ETF has just broken through the historical high of 3,500, and now it's plummeting over 6%. Trump was just bullish on gold the day before yesterday, and yesterday he became a gold bear. Currently, everyone is most confused and anxious about whether the market is rebounding or reversing. I think none of us can truly predict this; we can only leave it to time and the market to answer. The market's confidence has recovered, but the Federal Reserve has not yet cut interest rates, and the fundamental issue of insufficient liquidity has not been resolved. This is the risk that Sister Bei is concerned about. What we need to do next is just observe and devise different strategies to adapt to market changes.
$BSW $TRUMP $BTC #以太坊的未来 #币安上线INIT #币安Alpha上新 #TRUMP晚宴 #比特币市值排名
