This week's important data:
Tuesday: US April CPI data;
On Friday, the initial value of the US May one-year inflation rate.
It seems that the US-China negotiations are going smoothly, and the market can confidently rise.
The probability of a Fed rate cut in June is 17.2%, and in July is 51.1%.
Market trend analysis:
BTC entered a low liquidity moment over the weekend. Since Friday's sentiment was good, the weekend also saw a fluctuating upward trend.
The 4-hour chart has shown exhaustion. In the short term, I believe it will pull back to around 102,500. If it breaks below this range, it could very likely fall to 100,800. There are large liquidations both above and below, so the closer we get to this market decision point of whether to rise or correct, the more liquidity will be provided.
If the market is strong, it will fluctuate around the 105,000-103,000 level for a while before continuing to break through new highs, heading towards 110,000. Such a rally generally can be completed within 1-2 days, and at that point, those who haven't boarded will only be able to chase the rising market.
Eth
This wave is too strong, rising for several consecutive days, and there is still no sign of a peak on the daily chart. However, it is estimated that there will be some fluctuations in the short term, including the need for corrections in both Bitcoin and altcoins. Due to the strong trend, it may enter a high-level consolidation phase, allowing other altcoins to catch up.
SOL
The turnover rate decreased over the weekend. Although it is low liquidity, with positive sentiment for BTC and attacking sentiment for ETH, SOL also did not successfully break through the pressure zone.
As of 8 AM this morning, there are still chips around 120-157 leaving the market, with low-priced chips changing hands to the 168-176 range, mainly due to profit-taking. There hasn't been much turnover in other price ranges.
Next, in addition to paying attention to BTC's sentiment, especially pay attention to the narratives around SOL, such as the buying situation of SOL's micro-strategy and the hype around the SOL ETF. If there is, it will definitely provide a temporary boost to SOL's sentiment.
From the reactions of every bull market, the most significant and imaginative rises come from meme coins.
The top five in the rise list over the past week are all MEME; here are some super strong coins:
$MOODENG: +879%;
$NEIRI: +514%;
$VADER: +394%;
$CHILLGUY: +348%;
$GOAT: +274%;
$PIPPIN: +198%;
$LUNA: +209%;
$SIREN: +207%;
$PNUT: +192%.
Recently, the old MEME has rebounded strongly, especially evident in Moodeng. It surged tenfold in a month, and this time the main market funds have gradually shifted from DEX to CEX users. It may not be over yet; if Binance lists it one day, another surge will come.
Compared to all previous meme coins that surged on Binance, they have a common point: they fell enough, consolidated at the bottom for long enough, and then broke through the consolidation zone and soared uncontrollably!
This also explains why everyone was so concerned about whether MEME could get listed on major exchanges. Once listed, the types of funds become more diverse, and the chances of project explosions increase.
Here are the meme coin projects that are most worth paying attention to this week:
$trump 13 billion 640,000 people Presidential coin
$MOODENG 220 million 74,000 people, famous hippo concept, suddenly surged several times, strong holding.
$goat 200 million 90,000 people, pioneer in the AI track.
$pnut 400 million 90,000, election concept coin.
$rato 30 million 56,000 people, new character from the Pepe author, big dog recently launched on the ETH chain in the Pepe track.
Additionally, the meme sector on Binance has basically surged, and these four can be monitored.
$TST
$BANANAS31
$BROCCOLI714
$TUT Focus on it. There is a burning mechanism.
Recommendation reason: Small market cap, fully circulated. Currently, there has not been a significant surge.
In every upward market, Bitcoin and ETH start to rise first, then the next mainstream, and finally various altcoin sectors catch up. Now, after the rise of Bitcoin and ETH, other sectors are starting to explode, and then funds will flow back into mainstream coins, followed by another round of funds flowing into altcoins, so it is now time for altcoins to catch up.
The meme performance on-chain is over, and it may be time for altcoins.
Let’s talk again about which altcoins still have catch-up demand???
I looked, and basically all major altcoin tracks have started a wave.
The MEME track has produced MOODENG PEPE.
The AI track has produced VIRTUAL TURBO.
The ETH sector has also started a wave, and the DeFi sector has also moved.
Currently, only the chain games and RWA sectors have not really moved.
For chain games, PIXEL and BIGTIME look promising.
For the RWA track, ONDO and USUAL look promising.
Other old coins like XRP and ADA should start moving as well. This is suitable for large funds, see the homepage.
