Yesterday's emotional fluctuations showed that the probability of no interest rate cuts in June is already 91.8%, and the probability of no interest rate cuts in July is already 61.4%.
The market is all positive when it rises and all negative when it falls.
Once the CPI data from the US was released, the core logic was summed up in one sentence: Inflation pressure eases = Increased expectations for Fed rate cuts.
Once the market catches the scent of interest rate cuts, it will once again push up gold and BTC, suppressing the dollar.
Especially recently, the US-China relations have eased, and global risk appetite is gradually recovering. BTC has now stabilized at the 100K mark. The next target is ATH, then 120K.
Let's look at BTC's trend:
The big coin has surged again; it is indeed forming an oscillation range at a high position!
Yesterday rebounded from a low of 100,600, rising all the way to around 105,000, and now it has started to fall again, currently running around 103,500.
Trend aspect: From a small timeframe perspective, a high-level oscillation range has formed here, as seen from the small timeframe chart.
The oscillation range is: low at 100,000 dollars, high at 106,000 dollars, a 6,000 point fluctuation range!
The four-hour chart maintains an effective low near 102,000, with a tentative effective high at 104,800!
$ETH
Victory for the E Guardians!
Ethereum has finally shown an independent trend this time; it has strengthened! It has temporarily broken through the 2,700 dollar mark, getting closer to the central pressure near 2,800 dollars!
The rise of Ethereum is a significant symbol leading to the arrival of the altcoin season. The upcoming short term will still be a very good altcoin season!
Haven't mentioned SOL in a long time:
It has also broken through the key resistance level on the daily chart, and the next resistance position on the daily is at 219.
As long as it doesn’t drop below 179 today, you can buy on the right side while also paying attention to $SOL ecosystem coins: RAY JUP JTO WIF, etc. As long as SOL surges strongly, these coins will definitely follow.
Macro favorable + Altcoin explosion, new starting point for the bull market.
Market hotspots:
Meme coin frenzy: New platforms are rising: http://Bonk.fun, Launchcoin (100X surge) seizing Pump market share, new coins $Glonk (dual platform issuance), $GOONC, $DUPE, etc., are all going crazy.
Old meme coins following up: $PEOPLE, $SATS, $NEIRO, $BOME, 24-hour increase over 60%.
Game Token: The MapleStory token $NXPC is about to launch on Upbit, Binance Alpha, etc., with an initial circulation of 17%. Pay attention to opportunities below 0.5.
DeFi rebound: ETH leads, $ETHFI, $EIGEN perform strongly.
No macro negativity, hitting ATH after adjustment, driving the altcoin season, boldly laying out after trend confirmation, CEX oversold rebound + DEX Meme carnival dual-line opportunity.
May is the new starting point for the bull market, with Meme, gaming, and DeFi as the main lines, laying out when prices are low.
Attention, attention, attention!
Recently, there have been several possible driving forces for the bull recovery level from project parties:
1- Pump.fun: 50% of transaction fees are distributed to meme coin issuers, constructing a developer 'continuous dividend' model to solve the creator exit issue.
2- Superstate: Achieving on-chain native issuance of tradable stocks for unlisted or private companies through Opening Bell, following the SEC registration compliance path.
3- Boop.fun: Adjust X airdrop, creators and holders each account for 50%, balancing ecological interests.
4- LayerZero: HyperBridge supports one-click cross-chain of any OFT assets to the HyperLiquid ecosystem, simplifying the cross-chain process.
Once again, this round of market is just beginning. The more it falls in the short term, the more opportunities arise!
A new high in May is inevitable. The closer we get to 100,000, the higher the cost-effectiveness. Currently, the market is moving quickly, and at most, there will be a small range adjustment before it continues to sprint. Don't be afraid; if you're afraid when the market comes, what’s the point of playing!
