News at 5 AM caused Bitcoin to surge directly to a price of 97,800. From the daily chart perspective, although BTC has broken through the previous high resistance near $95,700, it has shown a shrinking upward trend for two consecutive days, suspected to be a pump-and-dump scheme, so I do not recommend chasing the rise. Today's 'East Country Hunting' rally may be a short-term behavior, with doubts about sustainability. Meanwhile, the MACD has crossed bearish, and technical indicators show divergence, so caution is needed. Personally, I suggest shorting at 97,500 with a stop loss near 98,000 and a take profit near 95,200. From the perspective of U.S. stock trends, it is currently experiencing a clear pullback. Now BTC is rising against the trend. This is an abnormal market, stay steady.
Behind today's Bitcoin surge are four major driving forces:
The trade tensions between China and the U.S. may ease, and the U.K. and the U.S. have also reached a trade agreement, stabilizing the global situation
Multiple states in the U.S. may pass Bitcoin strategic reserve bills, with continuous favorable policies
China unexpectedly announced a rate cut, enhancing liquidity expectations
Public company Thumzup announced plans to raise $500 million to increase Bitcoin holdings, boosting market confidence
Funds are on the move, Bitcoin is rising strongly. Whether to ride this wave of upward momentum is worth careful evaluation.
Could the Ethereum upgrade become a 'death trap'? Today might see a 'doomsday sell-off'
The Ethereum upgrade on May 7 is approaching, but the market is strangely 'as quiet as a grave'! Insiders reveal that this upgrade may be 'the most disappointing' one ever, as major funds have already retreated in advance. More critically, once the upgrade is completed, it will directly collide with the 'nuclear-level' interest rate results from the Federal Reserve, and Ethereum's price may face a 'kneecap-like' crash!
The BSC zoo market is here
Recently, the zoo theme on the BSC chain has rapidly heated up, with Binance's official TikTok frequently exposing and driving community engagement. Last night, I saw the gorilla $gorilla on Binance's TikTok performing very well, and I was worried about chasing the high. When I woke up, I saw that it was still performing steadily, and the community has also been built up, feeling quite lively, and I think it's still a good time to get in. The perspective from the gorilla we built together is quite good, and many vehicles haven't boarded yet, with great appreciation potential, everyone can pay attention, $gorilla should be the top of the zoo.
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 'mindless gambling' meme culture.
Last night, I also saw this big shark $ITALIANROT, which has also been performing steadily, both can go up a little with the same concept. Both are from Binance TikTok, and the shark currently looks to have the best cost-effectiveness.
Narrative: The name of the ITALIANROT token is derived from a metaphorical deconstruction of Italian cultural symbols, linked 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 cultural deconstruction in modern society through an abstract setting of 'modern tragedy.'
The benefit of BSC is that it is not as fast as Sol
