Tonight at 8:30, something big is coming
Right now, if you want to chase the rise, just 'bet on tonight's CPI'
If Bitcoin can stabilize above $2800 in volume, it won't be too late to call 'the bull is here'
First, why did this sudden rise happen? Simply put, it's 'a little good news accumulated + emotions running high'!
👀 Institutions have quietly taken action: Strategy Fund is buying up Bitcoin, Circle (the parent company of USDC) surged on its IPO debut, and Plasma's public offering was snapped up by wealthy investors, while retail investors are following suit belatedly.
The giant whale has 'exited': James Wynn, who was targeted by the entire network, has cleared his positions! Without the troublemaker, the market has finally returned to normal, and the bulls are taking the opportunity to fight back (which means 'sending away the troublemaker, allowing the bulls to take charge').
DeFi suddenly has 'a mother to care for it': The SEC chairman said, 'We are working on exemption policies for DeFi'. Previously it was always chased and beaten, but now suddenly there's a promise, and funds are rushing into DeFi (after all, who doesn't want to hold onto a compliant leg?).
The Federal Reserve is not speaking now
It's all about the May CPI data—if inflation is lower than expected, Bitcoin and Ethereum might take the opportunity to soar again;
But if the data is high, sorry, the bulls will instantly turn into 'deserters' and crash the market.
Ethereum is strong, but don't chase altcoins randomly!: Some are shouting 'the altcoin season is here', let's stop that! The days when all coins surged together are long gone; don't rush just because you see an increase, be careful of catching a 'hot potato' from the whales.
Right now, it can at most be considered a 'retracement rebound'—remember: the whales love to set traps when retail investors are 'high', if you chase the rise, they'll dump, if you cut losses, they'll pick up, we're not following the script, we’d rather miss out than get trapped!
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