The recent financial market resembles a storm, unexpectedly overturning many long-awaited trades. Bitcoin's weakness has triggered a collective 'dive' of altcoins, with funds shifting towards less popular sectors, causing many investors to wonder if they missed something. However, the U.S. stock market is soaring against the wind, shining brightly, while the drop in gold prices has once again disappointed many 'gold enthusiasts'. Amid this chaotic market, there is a glimmer of hope in the U.S.-China trade negotiations, as market expectations for interest rate cuts begin to adjust gradually, and even Goldman Sachs has announced a delay in the rate cut timeline, which was originally expected in July and may now have to wait until December.
Market Storm: One wave hasn't settled, and another one arises.
Let’s first talk about those ecosystems that performed relatively 'low-key' in the early stages—TON, BSC, and Polkadot. The recent rebound in these major ecosystems has truly been eye-catching. TON seems like a giant that was asleep, suddenly awakened, and is now climbing crazily upwards. BSC and Polkadot also refuse to be outdone, and the market risk is quietly increasing.
In terms of platform tokens, Launchcoin and Dupe have emerged as the two major platform tokens with remarkable gains. Launchcoin, as an AI launch platform token, is backed by the incubation support of Alliance DAO, promising a promising future. Dupe, aimed at e-commerce platforms, emphasizes practical applications rather than just being a castle in the air.
The Meme coin projects on the Sol chain are also quietly gaining momentum, shifting from pure speculation to practical applications. For example, the Cai Xukun-themed Meme coin based on the Bonk launch platform, Ikun coin, unexpectedly attracted the attention of the well-known whale Bonkguy, which is quite surprising.
Of course, the news about B is also significant—Bn alpha is about to conduct an airdrop, with tokens like RDAC and NXPC likely to catch the eye of many investors. Starting from May 13, the points consumption mechanism has officially launched, giving everyone more room for operations.
Bitcoin and Ethereum: Navigating Volatility to Find a Steady Path Forward
Speaking of Bitcoin, its recent correction trend has made many investors a bit anxious. Yes, Bitcoin is indeed facing short-term adjustments after a wave of increases. However, market volatility is the norm, and corrections are to better accumulate strength. Therefore, although Bitcoin's short-term trend is stable now, from a long-term perspective, the appearance of a golden cross pattern suggests that a new wave of upward momentum may be brewing.
The trend of Ethereum closely follows that of Bitcoin; after a correction, it still maintains a relatively healthy form. Although it may enter a consolidation phase in the short term, the overall upward trend is still worth looking forward to. If investors can wait patiently, they may encounter more opportunities in the upcoming rise.
Altcoins: The 'Rhythm' of Friends
The market for altcoins can be described as 'up and down', struggling to keep pace with the mainstream coins. That said, the opportunities for altcoins may be hidden within this adjustment. Especially with Binance frequently hosting events, investors can take advantage of these opportunities to accumulate points in anticipation of the next wave.
As for the market on the SOL chain, activity remains high, especially the performance of Meme coins is eye-catching. If some of your altcoins are currently 'stuck', it might be worth waiting patiently; the market will eventually warm up again.
Today's Highlights: Mainly horizontal consolidation, waiting for the next wave of opportunities.
From a technical perspective, Bitcoin may continue to consolidate today, with short-term support roughly in the 100,000 - 101,000 range, while resistance is at the 103,000 - 103,500 range. For Ethereum, the trend is similar, with support in the 2,300 - 2,350 range and resistance in the 2,500 - 2,550 range.
In summary, the current market is full of turbulence, with opportunities and risks coexisting. Everyone should stay calm, follow the market's rhythm, and perhaps the next wave of opportunities is just around the corner!