The pancake has undergone a correction. There won't be any major movements in the next few days, mainly focusing on finding the bottom. Currently, there is no stabilization, so don't go long. There is no money for bottom fishing, and the market is more inclined to decline 📉. Short on rallies with $Wif, $Bonk, and other meme series tokens.

Reasons are as follows:

1: The probability of the Federal Reserve lowering interest rates by 25 basis points in June is 5.6%. If there is no rate cut, there will be daily adjustments.

2: Super whale James Wynn has opened a 40x short position on $Btc with a holding of $112 million, opening price at $107,214, liquidation price at $130,540, dancing with institutions and manipulators.

3: Bitcoin falls below $106,000, the cumulative liquidation intensity of long positions on major CEXs will reach $1.122 billion. If Bitcoin breaks above $108,000, the cumulative liquidation intensity of short positions on major CEXs will reach $664 million.

4: A value of $160 million in Sui will unlock on June 1st, short on rallies.