At 5 a.m., news about Bitcoin caused the market to surge to a price of 97,800. From a daily chart perspective, BTC has broken through the previous high resistance level around $95,700, but has shown shrinking volume increases for two consecutive days, suspected to be a trap for bulls. I do not recommend chasing prices. Today's "East Country Hunt" might be a short-term action, and its sustainability is questionable. Meanwhile, MACD has crossed dead, and there is divergence in technical indicators, requiring caution. I personally suggest shorting at 97,500, with a stop-loss around 98,000 and take-profit around 95,200. From the performance of U.S. stocks, the trend is in correction, currently clearly retracing. Now BTC is rising against the market, which is an abnormal situation; it should remain steady.
There are four major driving forces behind today's Bitcoin surge:
China-U.S. trade tensions may ease, and the U.K. and U.S. have reached a trade agreement, stabilizing the global situation.
Several states in the U.S. may pass Bitcoin strategic reserve bills, with continuous positive policy developments.
China unexpectedly announced a rate cut, increasing expectations for liquidity.
The listed company Thumzup announced plans to raise $500 million to increase Bitcoin positions, boosting market confidence.
Funds are moving quickly, and Bitcoin is surging strongly. Whether to follow this main upward trend is worth careful evaluation.
Is the Ethereum upgrade turning into a "death trap"? A "doomsday sell-off" might occur today.
Ethereum's upgrade on May 7 is approaching, but the market is strangely "quiet as a grave"! Insiders reveal that this upgrade might be the "most troublesome" one ever, and main funds have already retreated in advance. Even more critical, after the upgrade, it will directly collide with the Federal Reserve's "nuclear-level" monetary policy results, and Ethereum's price may face a "knee-jerk" crash!
The BSC zoo market is here.
Recently, the zoo theme on the BSC chain has rapidly heated up, frequently showcased on Binance's official TikTok, driving community enthusiasm. Last night, I saw the gorilla $gorilla on Binance's TikTok charging aggressively; I was worried about chasing the high and didn't get on the train, but upon waking up, I saw that it was still quite stable, and the community is also building up. It seems lively, and I think it's still worth getting on board. The perspective of the collaboratively built gorilla looks good, many leading projects haven't got on board yet, and the potential for appreciation is significant, so everyone can keep an eye on it; $gorilla should be the top of the zoo.
0xcF640FDF9b3d9E45cbd69fDA91D7e22579c14444
Narrative: This token represents the spirit of retail investors in the crypto community uniting against traditional financial elites. It encourages community members to participate together and challenge market rules through the "mindless gambling" meme culture.
Last night, I also saw this big shark $ITALIANROT, which is also moving steadily, and can be considered similar. Both were posted on Binance's TikTok, and the shark currently seems to have the best cost-performance ratio.
0xadE1E09ddd4210DD332f15262911434b9D284444
Narrative: The name of the ITALIANROT token derives from a metaphorical deconstruction of Italian cultural symbols, and its background is related to the Italianrot topic dissemination event initiated by Binance's official social media. The token narrative reflects the contradictory tensions and collective emotional tensions in the process of social and cultural deconstruction through the abstract setting of a "modern tragedy."
The benefit of BSC is that it is not as fast as Sol.
Finally, don't forget to follow us, let's achieve financial freedom together during this bull market, okay!
