5.16 Afternoon Market Analysis:
Hello, dear friends, the overall impact of last night's US data was minimal, but the bad old man Powell came out to speak, and delivered bearish remarks, causing US stocks to continue to decline after the market opened, rebounding to the 104,000 position after midnight.
Currently, we should pay attention to two central bank-related news and three major company news:
① The Saudi central bank disclosed its holding of Strategy shares, which is equivalent to an indirect investment in BTC assets.
② The Russian central bank has rated BTC as the best-performing asset in the financial market by April 2025.
News from three major companies:
1. The Brazilian listed company Méliuz has purchased $28.4 million worth of Bitcoin.
2. The cross-border e-commerce company DDC Enterprise has initiated a Bitcoin reserve strategy, aiming to reach 5,000 BTC in 36 months.
3. CB also disclosed that it purchased $153 million worth of crypto assets in the last quarter, mainly Bitcoin.
Friends can see from the above events that Bitcoin will become as important as gold, being reserved by banks and exchanges, so Bitcoin will definitely rise significantly again in the future. It is recommended that friends hold for the long term, and for contract players, it is advisable to look for opportunities to go long on corrections.
Currently, another important event is that the Federal Reserve has yet to lower interest rates. Once the Federal Reserve cuts rates, Bitcoin will likely bounce up to unprecedented new highs.
The market is currently oscillating at a high level. Later, as the market moves, I will make a move to enter. If you want to follow my trading ideas, quickly call me.
