Important macro events release time in April/May (UTC +8)
📍 U.S. April ADP small non-farm data: April 30 at 20:15
📍 U.S. Q1 actual GDP initial value: April 30 at 20:30
📍 U.S. March core PCE price index year-on-year: April 30 at 22:00
📍 U.S. April NFP non-farm data: May 2 at 20:30
The market trend shows BTC price fell back to $93,500 yesterday, failing to effectively hold the $95,000 level, currently consolidating between $94,000 and $95,000, indicating short-term market uncertainty.
The synchronous decline of Bitcoin and U.S. Treasury yields indicates that investors are turning to safer assets. Although BTC traders are satisfied with a 6% increase over the past week, they are still concerned about its continued failure to stabilize at $95,000.
Bitcoin is currently in a phase of consolidation and adjustment; I have previously emphasized that without significant negative news, it won't drop significantly, and upward consolidation will be the main tone.
May 1 is the day the Bank of Japan announces its interest rate decision; if the Bank of Japan raises rates, there will be short-term negative impacts, but it will also be a time to bottom-fish.
Epic trading strategy! ALPACA surged 400% in a single day, and after Binance announced the delisting of spot trading, it has risen more than 20 times!
Currently, Binance's perpetual contract rate is 2.8%, with a settlement period of 1 hour. Binance will delist its perpetual contract today at 17:00.
The alpaca is really outrageous, cutting a big one before it got delisted.
This morning I saw the alpaca token at 0.45, still thinking it would be delisted on May 2, preparing to short it.
I forgot after lunch; now it's already 1.35.
In 24 hours, it directly surged to the tokens with the most liquidations; it's too ruthless.
If you had pulled up the market earlier, it wouldn't have been delisted, right? I really don't understand.
For the coins delisted by Binance, there are very few that can rise recklessly; they usually drop to the bottom and then double, but most likely they will have to drop again, as most will face infinite declines. This has been the previous inertia, and it is what people expect, so most people will not invest heavily in coins delisted by Binance; only a small number of people will speculate on them.
Recently, some people have risked their lives betting on ALPACA's decline, already losing their fortunes. This reminds us of a bloody lesson: the causes and consequences of ALPACA's delisting; for those with too much hype, and with contract trading volume far exceeding spot trading, one must maintain enough respect; the best approach is to trade less or not at all.
Binance's delisting of ALPACA is not a spur-of-the-moment decision but rather a premeditated scheme, which cannot be accomplished by just a small project team; there must be cooperation from the Binance exchange.
Regarding altcoins
It is predicted that in the next 1-2 months, the altcoin market will be more about survival and self-rescue for project teams, as most altcoins have already returned to their starting points.
Now, strong assets have rebounded after a wave of turbulence, clearly waiting for a clear signal from Bitcoin. At present, players at all levels of the cryptocurrency pyramid are cautiously observing and do not dare to act lightly. It remains to be seen if there will be a small altcoin season in strong sectors, expected to become clear in early June.
However, the difficulty of selecting altcoins should not be underestimated. In past bull markets, there often was a dominant player, and the first choice for bottom-fishing in the secondary market remains BTC (Ethereum could also potentially overtake this wave, buying ENA, LDO, ENS, etc.).
In the DeFi field, UNI and BANANA are worth paying attention to.
New projects listed on Binance usually experience a surge before falling again; those bold enough can try short-term trades.
In the AI field, TAO and WLD are also worth noting.
These can all be added to the watchlist. If Bitcoin weakens, choose those altcoins that perform stronger and rise first; during deep declines, focus on strong VC coins, avoiding chasing weak ones. There may also be opportunities for several times the lows like this wave of AI16Z.
If Bitcoin strengthens directly without a pullback, look for the coins with the smallest increase among the top 10 by trading volume as points for supplementary rally switches, and then analyze according to the situation. Don't let FOMO affect you; once the market starts moving, there will be many opportunities, and timing is key.
