5.22 Morning Market Update:
It was no surprise to see $BTC hit a new high this morning. Last night, Tether printed 2 billion on the Tron network, and I had a feeling the market would rally. Circle also printed 100 million on Ethereum, I bought a bit of $ETH and made a small profit before running. I have cleared my short-term positions and am now preparing to choose the right time to enter long-term positions. In the past, I only held, but now I want to practice swing trading, aiming to increase my holdings.
Short-term focus assets:
$PENGU, $PEPE, $WIF, $NEIRO, $TURBO are still performing strongly. After a pullback, I can use short-term positions to bet on a rebound, as holding for long periods is too volatile.
🔥Market Highlights:
1. BN launches Haedal, a staking project in the Sui ecosystem, with multiple Sui ecosystem coins recently listed on BN.
2. AI sector: Cookie surges, launching InfoFi with a content points airdrop mechanism similar to Kaito.
3. BSC chain Meme: BuildOn skyrockets several times, focusing on the USD1 narrative, supported by World Liberty Financial. The market expects BN may align with Trump-related concepts in the future.
4. Meme coin IBRL surges over 10 times: The Gavel platform pre-sold a test coin for 500 WU, featuring anti-sandwich attack functionality and an automatic buyback mechanism, essentially serving as a platform coin.
