Why did Bitcoin V-shaped reverse just now? Directly search for Ha Duo?
Answer: I do not recommend doing this.
This wave of increase is actually the result of three positive news overlapping within 8 hours. Still, I would suggest waiting for Powell's speech and considering the next steps when the situation becomes clearer. Because now you can see that most altcoins have hardly moved, with only BTC charging ahead.
1. The governor of New Hampshire signed a law allowing the state to invest in Bitcoin and cryptocurrencies. I boldly predict that in the future state strategic reserves approved by the U.S., in addition to BTC, they will likely allocate ETFs that have passed for nearly a year and ETH.
2. Three hours ago, the Ministry of Commerce officially responded to the progress of tariffs with the U.S.: China has decided to agree to contact with the U.S. Meanwhile, it added: If you want to fight, we will accompany you to the end; if you want to talk, the door is wide open!
The tariffs between China and the U.S. are major events affecting the capital markets. Both the U.S. stock market and the crypto market are deeply fearful due to the uncertainty between the two major powers, showing no willingness to rally. China has now made its stance clear, largely waiting for the U.S. response. Recently, without any actual talks, Trump dared to perform wildly in front of the global media, claiming that the contact with China was very harmonious and the atmosphere was good. What will he say this time?
3. An hour ago, the People's Bank of China officially announced a rate cut at a press conference held by the State Council Information Office. Major countries around the world have already started cutting rates this year, and now only the U.S. is left! The probability of the Federal Reserve FOMC meeting maintaining the interest rate unchanged in June after not cutting rates in May is close to 70%. Patience in waiting for Powell to come out!
4. Driven by all the positive news, there was a heavy international negative news that the crypto media intentionally ignored: a new India-Pakistan war is looming! On the control line of Kashmir held by Pakistan, fire has already started between Pakistan and India, and Pakistan has launched ground and air operations.
Additionally, BTC's market share has surged to 65.2%, reaching a new high in nearly five years. I think this is already at the end of its strength, and instead, the altcoin season led by ETH that we have been waiting for may really be coming soon.
ETH started to look for support downward after breaking below the $1800 level, with funds supporting the price at $1750.
At 5 a.m., bolstered by the announced positive news, it rose sharply but failed to break through the key resistance at 1850, remaining within a consolidation range; the daily line has been running on reduced volume, and the fluctuations these days are all to choose a direction.
Additionally, the spot purchasing power of ETH is higher than that of BTC as can be seen from market reactions; retail investors are more willing to pay for ETH at the current price.
After the upgrade, the storage limit for validator accounts increased from 32 to 2048, significantly reducing operational costs for institutions and helping attract institutional participation.
At the same time, the upgrade increases blob fees, enhances ETH demand, and is expected to push it back to deflation, solidifying its dominant position in L1.
This upgrade can be said to be the biggest positive for the fundamentals of individual coins this year, whether Ethereum can make a comeback depends on the sentiment this time.
The market has great opportunities in the second half of the year, and at that time, altcoins will also welcome a large wave of rebound. What needs to be done now is to buy low and maintain a certain cash flow; surviving is the most important.
The reason for today's market surge: - Both China and the beautiful country decided to hold talks in Switzerland, and tariff benefits are expected to land!
- The Central Bank of China cut interest rates and reserve requirements! - The governor of New Hampshire signed HB302, becoming the first state in the U.S. to include cryptocurrency in its strategic reserves.
According to the bill, state governments can invest up to 5% of funds in precious metals and cryptocurrencies with market values over $500 billion, with a potential investment amount of $280 million - $770 million, and currently, the only cryptocurrency that meets the criteria is Bitcoin. This marks a new phase of compliant cryptocurrency investment in the beautiful country, expected to encourage more states to follow suit, which in the long run is an epic benefit for Bitcoin and may change its status in the minds of investors.
SUI is the on-chain financial chain I enjoyed the most in the past half month, currently the strongest in DEFI effect.
At the end of April, I bottomed out on CETUS and SUI, earning about 80% profit difference; but I didn't sell everything, using part of the funds for LP on MMTFinance, resulting in nearly 10% returns in half a month, along with some points.
In terms of tokens, the leading DEX $CETUS, entry price $0.11, surged to $0.19 in three days, earning 70%. $SUI rose from $2.3 to $3.5, earning nearly 50%. However, I did not simply hold SUI tokens; to aim for airdrops, I did LP on the platform, earning about 15% in three days.
I started when the SUI price was $2.3 and successfully executed three liquidity restructuring operations. Each time, I accurately grasped the timing, withdrawing liquidity provider (LP) positions promptly when the price exceeded the set liquidity range, thus enjoying the price fluctuation profits while also gaining additional mining rewards.
The first restructuring occurred at a critical moment when the SUI price surged and broke through $3. Since the price exceeded my preset liquidity range, the LP position automatically withdrew, locking in profits. Subsequently, the SUI price stabilized between $3.1 and $3.8; I adopted a prudent strategy: each time the price retraced to around $3.2, I redeployed the LP position, setting the liquidity range with a lower limit of 5% and an upper limit of 10%. This strategy implementation kept my overall annualized return rate (APR) averaging around 300%, a relatively high level.
Roughly estimating, based on a principal investment of $5000, I can earn about $40 a day, which is quite considerable.
Only after the coin price took off did you 'just ask'? A tweet caused a 30-fold increase in market value!
Lrene Zhao's first tweet mourning Jeffy was at 2:29 p.m. Beijing time. At that time, LLJEFFY's market cap was still under 1M. Then, in the second tweet, she said 'just asked' a familiar person and learned that Jeffy was still alive. The time of this tweet was 8:19 p.m., when LLJEFFY had already surged to 30M.
The key point is coming—she said 'just asked'. Everyone circle it, keyword: 'just asked'.
I was just thinking—
If you really care about Jeffy, or are truly thinking of everyone, then when you first mourned, why didn't you confirm it first?
Because you can contact people he knows well, and you definitely know about the existence of the coin LLJEFFY.
But you didn't ask, and only when the whole network was in FOMO and the coin price had taken off did you suddenly go 'just asked'.
Are you afraid people will lose money? Or are you afraid people will make money? In fact, people don't care if what you say is true or false; it's just your entire 'operating process' that makes people quite uncomfortable.
I can understand that everyone has their own calculations in mind, but to put it bluntly, whether they leave or not, how much does it really relate to you?
After all, I've been trading coins for so many years, and I understand human nature too well: the coins that you missed are the ones most likely to make you bearish due to emotions. No other reason.