So refreshing! The long positions are about to take profit!
Just shorted ZK yesterday, precisely hitting 0.051, and this morning went long on BTC. The high point at the end of May has already indicated a full exit from spot; opening orders daily, only withdrawing and not depositing. Follow my operations, there are many opportunities in the crypto space! Now, orders keep coming; interested friends come and watch!
Big news! The highly discussed US unemployment and inflation data has been released; is the turning point in the market approaching? The data is as follows:
Unemployment Rate: In line with expectations! Employment Numbers: Although lower than the previous value, they are slightly higher than expected!
Interpretation: Employment data presents a dual perspective. The slight decrease in employment numbers may help alleviate inflationary pressures and push the Federal Reserve to cut interest rates, which is not necessarily bearish. However, if employment numbers decline significantly, concerns about a financial crisis may arise, which would be bearish.
Overall, it is a neutral data set; today's focus is still on whether Chuanma can be friendly again after a night of calming down or continue the battle.
BTC
In the past 24 hours, the cryptocurrency market and Bitcoin holders have experienced extreme volatility. It was initially expected that Bitcoin would break through the $110,000 mark, but short-sellers suddenly intervened, along with Chuanma's antics, causing the price to plummet over $4,000, nearing the psychological level of $100,000.
This trend is full of uncertainty; next, Bitcoin may retest around $105,000 before dropping toward $87,000, or rebound to the range of $105,800 to $106,000, initiating a push for a new historical high. Stay tuned.
ETH
Ethereum's daily chart shows it has broken through the downward trend since early 2025. The bullish signal from breaking the 9-day moving average indicates strong momentum. ETH has broken through the bullish flag pattern and is currently in a consolidation phase.
If it breaks through $2,810, it could further push up to $3,000. But if it turns bearish, the ETH price could drop to the range of $2,150 to $2,050.
SOL
Solana's price is showing signs of recovery. The Relative Strength Index (RSI) is at 42.22, indicating increased momentum. Currently, it is consolidating within the $150 range, which may signal a breakout.
Need to pay attention to the resistance near $178.50; if it breaks through, it could push SOL's price up to $200. As the altcoin season approaches, SOL's price is expected to reach $250 by the end of June.
XRP
Since December 3, 2024, XRP has continued to fluctuate within a narrow range, gradually accumulating value. Typically, in such cases, volatility decreases until a significant price increase occurs.
Taking XRP as an example, in the past 185 days, 70% of the trading volume has concentrated in the range of $2.06 to $2.58. The price has retreated from $2.58, re-testing the $2.06 support level. Although technical indicators suggest a low probability of breaking below the psychological level of $2, investors should still prepare for potential declines.
DOGE
Dogecoin (DOGE) has dropped nearly 8% in the past 24 hours, reflecting the increasing risk-averse sentiment among cryptocurrency traders. At the same time, Dogecoin trading volume surged by 150%. According to CoinMarketCap data, Dogecoin's trading volume reached 11.53 billion coins in 24 hours, approximately $2.028 billion, a 155% increase.
As of now, Dogecoin's price is $0.178, with a weekly decline of 14%. Market volatility continues, with current resistance at $0.190 and support in the range of $0.169 to $0.170.
PEPE
Pepe's trend is similar to that of other popular meme coins, dropping to the key support level of $0.000011. So far, PEPE's pullback has been less than 1%, but the long-tail K-line chart indicates that the bearish trend may continue. If the closing price falls below the 50-day moving average, it may further intensify the selling pressure at the 200-day moving average ($0.00001108). If PEPE breaks below this dynamic support, it may further pull back to the psychological level of $0.000010.
Conversely, if the 50-day moving average provides rebound support, PEPE could rise to the resistance level of $0.00001550, which is the highest closing price in May.
SHIB
SHIB was the best-performing meme coin in May, but it has now fallen below the neckline of the bearish head and shoulders pattern, which usually signals a significant price drop. After breaking key support, SHIB's price could plummet 28% to $0.000010, marking the lowest level since January 2024.
Meanwhile, the RSI indicator shows that bearish momentum is strengthening, following a period of sharp increase. The RSI trend further supports the continuation of the bearish trend indicated by the head and shoulders pattern.
Crypto market hot news
1. The capital market's optimism towards stablecoins and the crypto sector indicates that Stablecoin, RWA, and DeFi will become the core tracks of the future trillion-dollar market.
2. Truth Social platform submits Bitcoin ETF S-1 registration statement and registers Bitcoin and Ethereum ETFs in Nevada, which is favorable for Ethereum.
3.Coinbase lists FARTCOIN and Subsquid (SQD) on its coin listing roadmap, attracting attention.
4. Next Monday, the SEC will hold a DeFi roundtable to discuss decentralized finance regulation. Next Tuesday, the House will hold a hearing on the crypto market structure bill, which is highly anticipated by the industry.
5. Pump.fun incites Musk to issue a new coin to compete with the TRUMP token. Previously, the TRUMP token drained the AI token frenzy, and if Musk pushes for a new coin, the altcoin craze may face further pressure.
6. James expresses regret over losses in crypto gambling, admitting it has long been out of control, wanting to recover losses but fearing ridicule, warning that the gambler's mentality leads to no good ending.
The coin with the largest increase today
1.KBBB
Price: $0.05367, up 92%
2.REC
Price: $0.0125, up 38%
3.CUDIS
Price: $0.1202, up 25%
4.IOST
Price: $0.004197, up 19%
5.HUMA
Price: $0.046067, up 17%
The coin with the largest decrease today
1.MOONPIG
Price: $0.01723, down 33%
2.RWA
Price: $0.005587, down 21%
3.BDXN
Price: $0.04459, down 20%
4.APEX
Price: $0.232, down 19%
5.RDO
Price: $0.007571, down 18%