Bitcoin's recent trend shows a pattern of 'declining during the day and rebounding at night', requiring special attention to changes in rhythm.
CPI data for May will be released at 8:30 PM tonight, which may cause significant fluctuations; pay attention to pinning risks.
The current key support level is at 108300; if it breaks below, it may form a double top structure on the daily chart, with further support looking towards 106800. Short-term positioning can be attempted at these two levels. Meanwhile, Bitcoin's daily chart shows a doji star, which may be a signal of a temporary peak, still awaiting confirmation. In the short term, consider shorting in the range of 110300 to 111200.
Ethereum is currently oscillating around 2800, just a step away from the key resistance level of 2860. If tonight's CPI data is positive, breaking through 2860 is likely to quickly push the price past 3000, and Ethereum starting with 2 may become history.
The Federal Reserve's interest rate meeting is imminent, and tonight's CPI data is the core focus of the market.
Latest expectations indicate that CPI and core CPI are expected to rise by 0.1%. Although this is lower than yesterday's aggressive expectation (2.5%), it is still higher than the previous value of 2.3%, with the current estimate being 2.4%. The effects of tariff policies are beginning to show, and inflation may already be brewing.
U.S. Treasury bonds will be auctioned this week, and interest rates are highly sensitive to inflation data. If tonight's data is still 'beautified', we can only wish America good luck.
As for actual trading operations, last night we successfully rebounded from ZK at 0.059, with a significant floating profit. The resistance around 0.06 remains strong; this is our third successful rebound, with the first two taking profits around 0.051. This round will also depend on the situation for flexible exit, aiming for stable gains!
The UNI we focused on at the end of last month has now reached a relatively ideal position!
Suggestion: Recently, good news has been frequent, and the increase has not been small. Currently, pay close attention to the support level of 8.2; if it falls below this level, consider taking profits and exiting to seek stability.
After reviewing the overall market and altcoins, let's continue!
ARB
The daily chart has successfully risen above the 9-day moving average (0.3616), with the current price at 0.4073. Although it is below the intraday high of 0.417, it is far above the intraday low of 0.3635, showing a strong trend. The RSI is at 58.33, approaching the overbought zone, and there may be short-term adjustment pressure.
If it breaks through the resistance level of 0.48, it may open up upward space to 0.51, forming a phase of bullish reversal; conversely, if it breaks below 0.36, it may return to consolidation or even decline. Although there is still a significant drop from the historical high of 2.40, the frequent appearance of lower shadows recently indicates active buying, and bullish sentiment is warming up.
HYPE
The daily chart shows that since hitting a low of $9.29 in early April, the price has soared more than 350%, forming a steep parabolic rise. The current RSI is at 73.51, in the overbought zone, which reflects strong upward movement but also suggests potential adjustment risks in the short term.
MACD has crossed above the zero line, indicating bullish momentum is still present, but the momentum bars are flattening, showing that the upward momentum may be slowing. The BBTrend indicator remains at a high level, indicating a strong trend, but it may also trigger high volatility or a pullback.
Overall, HYPE's short-term support level is at $38, and if it breaks below, it may pull back to $34–$36; if it can break through $44.5, it is expected to further challenge $50. Currently, it is recommended to be cautious about chasing highs and focus on the gains and losses of key levels.
SAND
Currently priced at $0.2980, it has risen by 2.26% in the last 24 hours, with a weekly increase of 4.29%. The market capitalization is approximately $757 million, and trading volume has increased nearly 30% to $76.2 million, indicating a resurgence in market bullish sentiment. The intraday price fluctuates between 0.2887 and 0.3027.
On the technical front, SAND has successfully risen above the 9-day moving average (0.2810), with RSI rising to 52.55, indicating increased buying momentum. The daily chart is forming a bullish flag pattern; if it can break through the resistance zone of $0.30–$0.35, it is expected to initiate a new round of upward movement and challenge higher levels.
However, attention should be paid to the support level at 0.2568; if it fails to hold, it may drop to 0.21. In the short term, it is recommended to focus on whether it can stabilize above 0.30 to confirm further trends.
Let's take another look at the on-chain situation!
Regarding new coins:
$Janitor finally made a move today, breaking through a market cap of 25 million. Although it has recently been overshadowed by $EGL1, its trading volume continues to lead, still firmly in the top spot among new coins. $EGL1 was hit with $60,000 last night, briefly pulling back but quickly recovering, with minimal impact. Currently, the new coin landscape is essentially a duel between $Janitor and $EGL1; for adults, of course, 'both hands are needed.'
Regarding old coins:
$Bulla maintains the highest trading volume, with market capitalization returning to 100 million. The holding addresses have been cleaned up relatively well, so the focus going forward will be on whether there are favorable listings on exchanges. The economic model retains some CEX aspects; even if it's a second-tier exchange, it's better than just being listed on Alpha or Binance ladder.
$LABUBU has gained attention due to its auction price explosion, driving the coin price up from 0.018U to 0.045U, with trading volume surging to 12th in the entire chain. LABUBU has rebounded over 100% from its bottom, with market capitalization recovering to $45.3 million, showing strong momentum in the short term.
$CA and $TAG, especially $TAG, have seen a surge in trading volume recently, climbing from outside the top ten, but the coin price has not increased simultaneously; the reason is currently unclear and requires continuous monitoring.
