Tomorrow is May Day. I had thought about visiting the nearby Caishen Temple, considering that most people are taking a holiday tomorrow, to avoid the crowd. I didn't expect there would still be many people today, and the highways have already started to get congested. I did visit the Caishen Temple, but I noticed a phenomenon: why are there more women worshiping Caishen while men are very few? I don't know if it's because of the time I went or if it's always been this way. If any friends understand, feel free to chat in the comments!
Back to the market, now the US stock market and Bitcoin are simply fluctuating based on policy signals. A casual comment from Trump can cause the market to soar or plummet, especially in the US stock market. The stock prices now have little to do with the actual value of the companies. However, this situation will certainly not last forever. We need to see the essence – will those tech giants go bankrupt because of a comment from Trump? Will technology stop working? Will businesses no longer be able to operate? Of course not! So, looking at it in the long term, prices will definitely rise. Understanding this reasoning makes it simple: when the mainstream is down, don't panic sell. If you have money, look for low positions to average down, and holding onto them will surely make a profit.
In this round of market, Trump has indeed gone a bit too far, stirring up trouble in the financial market every day. Price fluctuations all depend on his mood, and their family makes all the money. But from another perspective, I think he needs to arrange the following matters well and clean up the mess. Overall, I believe the market in the second half of the year should be good, after all, the expectation for interest rate cuts is still there. The first half of the year may still experience fluctuations, but the worst case will be like March; it won't get worse than that. The overall trend is still there, so there's no need to be too pessimistic. It just requires some patience, and it may take until the second half of the year to see improvements.
Speaking of the fundamentals, Bitcoin ETF continued to see an inflow of 170 million dollars last night. Although the previous day's 600 million had decreased significantly, BlackRock, this super giant, still had an inflow of 220 million in a single day. Therefore, the funding situation is still fine. With state-level Bitcoin reserve funds looking to see when to enter, there may still be potential buying of hundreds of billions in the future. This magnitude is enough to support the potential for Bitcoin to reach new highs.
On the Ethereum side, the ETF also had an inflow of 18 million. Last night, the SEC delayed the approval of Fidelity's staking ETF and postponed multiple altcoin ETFs like Doge and XRP. However, according to a certain institution, all these ETF applications will pass this year. This institution had previously predicted accurately during the Bitcoin and Ethereum ETF applications, so it seems we need to pay special attention to the altcoin ETF track in the second half of the year. As for other altcoins, this wave has generally followed the main market, without any particularly outstanding sectors experiencing rising trends.
There's not much more to say, tonight's data doesn't look good. It seems that the only thing that can stimulate funds to enter the market and prices is interest rate cuts. Let's all wait patiently. If there's an opportunity during the holiday, I'll notify everyone in the community. Wishing everyone a happy May Day holiday, make sure to spend more time with family during the long holiday. If there's an opportunity, take it; if not, don't keep staring at the market. Let's see if any turning points appear in May!
