At 2 AM today, the Federal Reserve announced as expected to keep interest rates unchanged at 4.25%-4.50%, marking the third consecutive time of inaction, in line with market expectations. Chairman Powell released dovish remarks: 'The economy is stable, inflation is clearly declining, currently slightly above the 2% target, and the labor market is close to maximum employment.'
Just now, although BTC briefly broke $98,000, from the market data, it is not advisable to act rashly: hold on, let's look at the following three data points first
① At 8:57, short positions around 98,000 were wiped out, but a vacuum appeared later, making further increases unprofitable (see chart 1)
② Also near 97,900, the order book depth difference widened, with a gap of nearly 100 million in buy orders (see chart 2)
③ Looking at the trading candlestick, the volume only increased at 9 o'clock (only 83b) and formed a long upper shadow, a typical retail investor lagging reaction to news (Arizona's BTC reserve bill)
PS: The influence of the reserve bill in Sangzhou is weaker, the second state itself has no demonstration effect, plus there is no fiscal budget for buying in, just seizing BTC reserves, which is not much different from what Trump did. The upcoming market is likely to fluctuate based on news, so my opinion is: wait for the $100,000 mark to discuss, it’s not worth taking a beating for that fish tail.
Mikami’s crash: A midnight 'harvest' of meme coins
At 4 AM, the new meme coin $Mikami on the Solana chain suffered a Waterloo. Within just a few hours of its launch, it plummeted from a presale price of $0.245 to $0.1, a drop of over 60%, and at one point during the early session, it was close to a 'tenfold zero' state.
The trading trajectory uncovered by the community could almost be written into the 'crypto harvesting textbook':
The team cashed out 3.46 million SOL from the presale, approximately $3.1 million;
Opening time is set precisely at midnight, retail investors are asleep, KOLs are silent;
Violent smashing + reserved selling pressure, midnight turns into a 'blood night';
Current market value is only $7.8 million, presale investors want to break even, Mikami needs to rise above $0.5, which is nearly impossible under the current sentiment.
Community summary: 'This is not the fault of the three, it's our blind faith in the meme wealth creation myth.
BSC market daily report:
Animal-themed tokens are all the rage in BSC, the leader $donkey is down 50% from its peak, and BSC sentiment has slightly decreased. The flowing Dragon II gorilla just briefly surpassed the donkey's market value and then significantly pulled back.
Today’s Dragon II is likely: $ZOO Zoo
In summary: Ironclad Dragon I, flowing Dragon II, hoping Brother Donkey leads the BSC ecosystem to new heights.
Summary:
May 8 in the crypto world is a typical crossover day of 'macro sentiment driving + local smashing clearing'. The upward trend of BTC remains, but breaking $100,000 still requires 'timing + location'; the meme market once again reminds us with 'real costs': faith is faith, risk control must be in place.
Trading is not easy, control your emotions, don’t lose your life for a fish tail.
Lastly, don't forget to follow us, let's achieve financial freedom together in this bull market, okay!