The Federal Reserve remains steady, Trump unleashes a major move, and Bitcoin approaches the $100,000 mark!
At midnight Beijing time, the Federal Reserve, as expected by the market, kept the federal funds rate between 4.25% and 4.5%, which met expectations and brought no substantial changes. Although there was no rate cut in May, the market had already fully digested this, leading to a short-term optimism in the financial market. From the FOMC statement and Powell's press conference, the overall tone remains one of 'wait and see with caution.' Although the wording appears slightly hawkish, Powell repeatedly emphasized the need for 'further observation' and that 'it is not advisable to act too hastily,' conveying a more restrained policy inclination.
Meanwhile, former U.S. President Trump announced a heavyweight press conference tonight at 10 PM Beijing time in the Oval Office, with the theme being an important trade agreement with a certain major country. Previously, the U.S. had just lifted export restrictions on AI chips to China, which is seen as a precursor to thawing relations between the two sides, and the global market is highly focused on the content of this announcement.
Bitcoin has strongly broken through the $99,000 mark, with the $100,000 threshold in sight!
Under the dual influence of the Federal Reserve's stabilization and Trump's favorable expectations, Bitcoin surged strongly in the morning session, successfully breaking through the $99,000 mark. Continuous inflow of ETF spot, combined with market expectations of easing tariffs between China and the U.S., has provided ample ammunition for the bulls.
In the short term, if a pullback occurs, pay close attention to whether the support at 96,800 is solid; if it stabilizes, there is hope for a renewed push towards the $100,000 round figure. The key resistance above still concentrates in the range of 98,000 to 100,000; if it holds, it is expected to further open up the upward space.
Binance new coin mechanism adjustment: Alpha points consumption mechanism goes live.
Binance will launch a new Alpha points consumption mechanism on May 13. Compared to the previous mode of 'high-scoring players monopolizing,' the new rules are expected to lower the participation threshold, allowing more ordinary users to have a chance to participate. In the future, users will be able to freely choose to participate in projects, with more flexible point distribution, optimizing the overall participation experience.
Today, $STX officially goes live, having mined over 3,000 coins during the Launchpool phase, along with two NFT rewards, totaling approximately 20,000 coins, which can be considered a 'pork trotter rice' meal. Additionally, trading incentive activities are currently underway for coins like $AIOT, $MYX, and $ZKJ, suitable for users who enjoy high-frequency trading.
BSC chain animal coin carnival: Donkey pulls back, gorilla rebounds, will Zoo (ZOO) take over?
Recently, animal-themed meme coins have become active again in the BSC ecosystem. The leading project $Donkey has seen a 50% pullback from its high, and the current price has fallen back to the '7' starting range, with strong market observation sentiment. At the same time, Binance's official Twitter has mentioned $Gorill again, causing its market value to quickly rebound from the bottom to $7 million, reflecting the significant driving force of topicality on market trends.
Although animal projects on the Solana chain have not yet formed synergy, animal-themed coins on the BSC chain are showing strong reactivation potential against the backdrop of gradually improving narratives and increased community activity. Today's 'second-tier' hotspot may fall on the $ZOO (Zoo) project, with its contract address being:
0x9bc28266f7392893241c36d6f69af5f875184444
In the current BSC ecosystem, $Donkey remains firmly in the leading position, but the second-tier hotspots frequently switch, with a more intense trading rhythm. The market is still in a phase of rapid rotation of hotspots, and caution is needed when chasing highs.
Summary:
Despite the uncertainties of variables such as the China-U.S. trade agreement, the overall structure remains unchanged, and the bull market pattern is still clear. It is expected that the market may enter a high-level consolidation period from May to June, with mainstream coins and quality meme coins still available for gradual low absorption. In the short term, one can maintain position flexibility and keep enough ammunition; in terms of medium to long-term configuration, it still focuses on mainstream altcoins and projects with clear on-chain narratives.
For the phase where one cannot 'outroll others' on-chain, it might be wise to observe and build up strength, waiting for the trend to clarify before making a decisive move.
