【Trump announces a big news tonight at ten】 Jinshi Data reported on May 8: U.S. President Trump: Tomorrow at 10 a.m. (10 p.m. Beijing time tonight) there will be a major press conference in the Oval Office, concerning a significant trade agreement reached with representatives of a respected major country. This is the first (agreement reached)!!

(From Jinshi Data APP)

Currently, $BTC has been consolidating around 93000-98000, and it has been three months since the last breakthrough of 100,000. Since Trump took office, it was originally thought that there would be a major positive impact on the crypto market, but so far it seems that it has not brought the strong positive impact that was expected. Trump has been all talk, and some of the actual actions have not been fully implemented.

Returning to yesterday's $LAYER , it was originally thought that the spike to 1.59 yesterday was the lowest point, but the market underestimated the manipulators. Last night there was another drop, and the current downward trend has eased somewhat, hovering around 1.3. My current stop-loss point is around 1.21. From the daily chart, 1.21 coincides with the Fibonacci 0.786, forming a strong resistance level. If this level is broken, I will exit immediately, without hesitation.

Then regarding altcoins, I also want to say that everyone should not have any expectations for any altcoin, as altcoins will never have a bottom. At the same time, try not to open contracts for altcoins. Although sometimes I can't control myself, if you want to open contracts for altcoins, you must choose some strong altcoins, and avoid using high leverage—three times or less is acceptable; otherwise, the explosive rises and falls of altcoins can lead to serious losses.

At ten o'clock tonight, let's see whether it will be a double kill for bulls and bears, or if $BTC will explode.